July 23, 2025 ā Legacy Japanese textile company Kitabo Co., founded over 70 years ago, has officially added Bitcoin to its corporate treasury ā becoming the latest Asian enterprise to embrace crypto as a long-term store of value.
š¼ From Textiles to Digital Gold
Kitabo, known for its high-quality industrial and consumer fabrics, announced that it has allocated an undisclosed portion of its treasury into Bitcoin. The company cited concerns over inflation, weakening fiat currencies, and a desire to modernize its financial strategy.
This marks a major shift for a traditional manufacturing company in a conservative market ā showing how Bitcoin is now being seen as a hedge not just by tech firms, but legacy industries as well.
š A Rising Trend Across Asia
Kitabo isnāt alone. A growing number of firms in Asia ā from Japan to South Korea and Singapore ā are exploring crypto adoption for their balance sheets. This includes:
Meitu (China): Early adopter of BTC and ETH
Metaplanet (Japan): The āAsian MicroStrategyā holding large BTC reserves
Several South Korean exporters exploring stablecoin and BTC reserves
š Why It Matters
Institutional Trust in Bitcoin Is Rising: Once seen as too volatile, BTC is now being compared to gold as a long-term reserve asset.
Asia Leading the Corporate Shift: While the U.S. battles regulation, Asian firms are moving decisively.
Boosts Bitcoinās Corporate Use Case: Kitaboās move shows BTC isnāt just for tech startups ā itās gaining traction even in legacy sectors.
š§ Final Thought
Kitaboās Bitcoin move could trigger a domino effect in Japanās traditional corporate world. As inflation and currency volatility persist, more legacy firms may look to Bitcoin ā not as a gamble, but as a strategic financial evolution.
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