Live updates: Japan’s collapsing yen is pushing companies into bitcoin and XRP
The post Live updates: Japan’s collapsing yen is pushing companies into bitcoin and XRP appeared on BitcoinEthereumNews.com. The yen is trading near its weakest level in four decades, and Japanese companies are moving crypto onto their balance sheets to escape it. SBI VC Trade on Tuesday said corporate demand for bitcoin and XRP is climbing as the currency’s slide pushes firms to diversify reserves beyond cash, with the exchange’s registered accounts passing 2 million, roughly double its 2025 count. Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30, per CFTC data. The dollar buys around 162 yen as of Asian morning hours Wednesday. The driver is the interest-rate gap between a hawkish U.S. Fed and a Bank of Japan still far behind it, the same gap that makes holding yen cash a losing position and sends firms looking for harder assets. SBI, the crypto arm of Tokyo-based SBI Holdings, noted demand for i