Japanese listed company iole announces the sale of 151.21 BTC, with funds to be used for AI investment
2026-10-31 14:47:23
According to CoinMeta, as reported by Coinpost, iole, a listed company on the Tokyo Stock Exchange in Japan, has announced plans to sell all 151.21 of its BTC. The proceeds will be prioritized for investments in the AI data center, AI computing power, and new cloud services. Based on the market price on that day, the sale amount is estimated to be approximately 1.831 billion yen, with a expected loss of about 254 million yen from the sale. The company plans to sell in batches through cryptocurrency exchanges from October 30th to the end of November and will begin investing in these related businesses in early December. iole stated that rapidly expanding cyber threats have prompted them to re-evaluate the risks associated with their asset holdings and business investments, as well as the potential for value creation. Despite this, the company will continue to hold HYPE.
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