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The Tokyo-based company said it spent an average of 14.8 million yen per bitcoin.

Bitcoin and other cryptocurrencies can be used to purchase a wide range of items, from luxury cars like Lamborghini (VWAGY) to fast food at McDonald’s (MCD)—though the latter is currently limited to El Salvador.

The Federal Reserve could issue debt or sell some of its gold reserves to fund purchases of BTC, the report said.

The arrival of one of the biggest Web3 industry events in Hong Kong is testing the city's resolve in becoming a virtual asset hub, while the organisers look to expand their footprint in Asia. Consensus Hong Kong, a three-day cryptocurrency- and blockchain-focused event that kicks off on Tuesday, is leaning heavily into the city's reputation as a traditional financial hub. "Naturally, we know our strength, and that is capital markets," said King Leung, global head of financial services, fintech a

The Hong Kong government has responded for the first time to questions about the use of cryptocurrencies as proof of wealth for an immigration scheme after a local accountant talked publicly about two cases that had accepted the digital assets. Clement Siu, a Hong Kong-based certified public accountant, told media he had handled two cases where bitcoin and ether were used as proof of clients' assets. Cryptocurriences are not approved assets for direct investment under the immigration scheme, but Siu's cases suggested they can be used as proof of a potential immigrant's wealth, underscoring their growing recognition as a mainstream asset.

In January 2025, more than 600,000 new crypto tokens were launched, marking a significant increase compared to the same period in 2024.

Traders continue to position for price gains through options even as BTC trades listless below $100K.