Tokyo-listed company Beat Holdings has raised the investment cap for its Bitcoin ETF from 6.8 million dollars to 34 million dollars

ChainCatcher news, according to Decrypt, Tokyo-listed company Beat Holdings announced that it will raise its Bitcoin-related investment cap from $6.8 million to $34 million.

The company has purchased 131,230 shares of BlackRock's iShares Bitcoin Trust (IBIT) at an average purchase price of $49.49 per unit. As of May 9, the position has already generated an unrealized profit of over $681,000. To support further investments, Beat Holdings has drawn $2.8 million from its revolving credit facility, expecting to incur about $150,000 in interest over the year.