realestate

Japanese Property Group Buys $3.3M of Bitcoin, Joins Crypto Market

Lib Work purchases $3.3M Bitcoin, merging crypto with NFT‑linked housing projects and lifting stock performance.

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ib Work, a Tokyo‑listed real‑estate tech company, bought 29.6431 BTC in September for about $3.3 million (≈ 499.9 million JPY), averaging roughly $112,140 per coin. The purchase is part of a broader digital‑asset strategy announced earlier in August, aimed at holding cryptocurrencies long‑term and weaving them into the firm’s financial framework.

    The move dovetails with Lib Work’s NFT‑driven housing initiatives, including 3‑D‑printed homes tokenised as NFTs. The company said it could accept Bitcoin for property sales, opening cross‑border transaction possibilities. Bitcoin holdings are held through SBI VC Trade, a domestic exchange that provides custody and trading services.

    Since revealing its crypto strategy, Lib Work’s shares have climbed about 28 % over the past six months, reflecting investor confidence in the diversification. On the day Bitcoin hit new highs in early October, the stock rose an additional 1.9 %. Management hinted at expanding the digital‑asset portfolio beyond Bitcoin to include stablecoins and other tokens.

    Lib Work’s integration of cryptocurrency into its operations mirrors a growing trend among Japanese firms to adopt digital assets for strategic investment and operational flexibility.

Japanese property group buys $3.3M Bitcoin, enters crypto market.