BEAT
powered by Bitcoin
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Beat is the only Cayman Island Bitcoin Treasury Company listed on the Tokyo Stock Exchange.
About Beat (Tokyo Stock Exchange: 9399)
We adopted Bitcoin as our primary treasury reserve asset on 12 Feb 2025. We believe that Bitcoin is an outstanding monetary asset that represents a superior store of value, offering long-term stability and protection against inflation. We purchase Bitcoin spot, or through Exchange Traded Funds (ETF)s such as the Blackrock IBIT spot Bitcoin ETF by employing various financing strategies to maximise shareholder value.
Bitcoin Purchases
Spot Bitcoin ETFs
A spot Bitcoin ETF (Exchange-Traded Fund) is a type of investment fund that directly holds Bitcoin and allows investors to gain exposure to Bitcoin without having to buy, store, or manage it themselves. The ETF trades on traditional stock exchanges, making it accessible to a broad range of investors. Blackrock's iShares Bitcoin Trust (NASDAQ: IBIT) is the largest spot Bitcoin ETF globally.
IBIT vs Bitcoin
IBIT Bitcoin
The 1-year chart above shows IBIT has been able to track the price of Bitcoin well.
How Spot Bitcoin ETFs Work
- Direct Bitcoin Ownership: Unlike Bitcoin futures ETFs (which hold contracts betting on the price of Bitcoin), a spot Bitcoin ETF actually buys and holds Bitcoin.
- Shares Trade on Stock Exchanges: Investors can buy and sell shares of the ETF through a brokerage account, just like stocks or other ETFs.
- Price Tracks Bitcoin's Market Value: Since the ETF directly holds Bitcoin, its share price is closely linked to Bitcoin's real-time market price.
- Regulated Structure: Spot Bitcoin ETFs operate under financial regulations, providing a layer of security and compliance for investors.
Key Benefits
- Easier Access: Investors can get exposure to Bitcoin without dealing with crypto exchanges or private wallets.
- Regulated Investment: ETFs are overseen by regulatory bodies like the SEC, reducing risks associated with unregulated crypto platforms.
- No Private Key Management: Eliminates the risk of losing Bitcoin due to forgotten passwords or hacks.
- Institutional Adoption: Spot Bitcoin ETFs encourage participation from institutional investors, increasing Bitcoin’s mainstream acceptance.
Potential Risks
- Market Volatility: Bitcoin is known for its price fluctuations, and ETF prices will reflect that volatility.
- Regulatory Changes: Governments and regulators could impose new restrictions on Bitcoin or ETFs.
- Management Fees: ETF providers charge fees that could slightly reduce investor returns over time.
Press Releases
Team
Chin Siang Hui
Chairman of the Board of Directors and CEO
Naoya Harano
Independent Director
Chang Tzu-Ing
Independent Director