According to Huoxing Finance, Japanese Growth Market-listed company Iole plans to sell all 151.21 bitcoins through a cryptocurrency exchange from October 30 to the end of November. The proceeds will be prioritized for use in AI data centers, AI computing power, and the "Neo Cloud" business. The sale is expected to result in a loss of approximately 254 million yen, and the company will continue to hold HYPE.
Japanese listed company Iole to sell 151.21 BTC to fund AI business expansion
MarsBitShare
Summary
Japanese-listed company Iole plans to sell 151.21 BTC between October 30 and November 30, with proceeds to fund AI data centers, computing power, and the 'Neo Cloud' business. The decline in BTC price has resulted in an expected loss of 254 million yen. Iole will retain its HYPE holdings. Altcoins to watch may include HYPE as Iole shifts its focus to AI infrastructure.
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