Japanese listed company KLab plans to invest 3.6 billion yen to purchase bitcoin and gold in a 6:4 ratio.

PANews, December 27—According to CoinPost, Japanese listed company KLab announced that it has started purchasing bitcoin and gold, launching a “dual gold financial strategy,” and will make small purchases in phases based on price fluctuations. KLab plans to allocate 3.6 billion yen out of the approximately 5.1 billion yen it has raised, to purchase bitcoin and gold in a 6:4 ratio. The company described the decline in the yen’s purchasing power as a “silent collapse” and has formulated a new strategy to protect shareholder value from inflation and the pressure of yen depreciation. As of December 25, in addition to the 1.19828 bitcoin already held, the company recently purchased 3.17 bitcoin at an average price of 13.83 million yen, bringing its total holdings to 4.36828 bitcoin. In addition, the company also purchased a pure gold ETF at a price of 21,514 yen.