ANAP Holdings, a Japanese listed apparel company, has increased its Bitcoin holdings again. The firm said its subsidiary, ANAP Lightning Capital, bought more Bitcoin on January 21. The purchase totaled 70.4485 $BTC and cost about ¥1 billion. Which is around $6.5 million. With this purchase, the company now holds 1,417.0341 $BTC in total. Its total investment in Bitcoin has reached about ¥20.95 billion. Which is nearly $137 million.
Latest Bitcoin Purchase Details
ANAP Lightning Capital completed the latest purchase in one transaction. The company paid just over ¥1 billion for 70.4485 $BTC. Based on its filing, ANAP’s average acquisition cost now stands at about ¥14.78 million per $BTC. The firm also shared unrealized results. It currently shows an unrealized loss of about ¥656 million, based on Bitcoin’s market price at the time of reporting.
However, the company explained that it revalues its Bitcoin holdings every quarter. Any gains or losses are recorded in its income statement. This means the numbers can change quickly with market moves. The company said it will disclose more information if Bitcoin prices have a major impact on its financial results.
coinfomania.com