๐ฏ๐ต TOKYO-LISTED IOLE TO SELL ALL 151.21 BTC AND PUT THE CASH INTO AI DATA CENTERS
Iole's board voted Friday to sell the company's entire Bitcoin holding through crypto exchanges, possibly in tranches, between Oct. 30 and the end of November, according to its filing.
It expects about ยฅ1.831 billion at Oct. 30 prices, below the ยฅ2.085 billion book value, for a loss of about ยฅ254 million.
Iole says fast-growing cyber threats led it to rethink how it holds assets. The money goes first to AI data centers and its Neo Cloud business, where the budget rises to ยฅ2.6 billion.