Board resolves batch sale by end-November
Tokyo Stock Exchange Growth-listed Iore (イオレ, ticker: 2334) resolved at its October 30 board meeting to sell all 151.21 bitcoins held, with the sale period from October 30 through end-November. The company will sell in batches on the market through domestic crypto-asset exchanges, and after receiving funds in early December will prioritize investment in AI data centers, AI computing power, and its cloud service neocloud. Based on October 30 market prices, the bitcoins would recover about 1.831 billion yen, or about US$11.64 million, about 254 million yen, or about US$1.62 million, below the September 30 book value of about 2.085 billion yen, or about 12% lower per coin. The company expects to book the loss in operating costs for Q3 of the fiscal year ending March 2027, with the actual amount subject to market prices at sale; any revised estimate will be disclosed in Q2 earnings on November 16.
Warrant proceeds redirected to AI computing power
Iore also adjusted the use of proceeds from warrants issued in September 2025, raising the AI data center allocation to 2.6 billion yen from 2.0 billion yen, and cutting the digital-asset purchase allocation to 7.89 billion yen from 8.49 billion yen. The company said AI computing supply and neocloud plans have become more concrete, increasing funding needs. For the sale rationale, it said network threats across the digital supply chain are spreading rapidly, and after re-evaluating risk versus value between asset holdings and business investment, it decided to revise capital allocation to prioritize AI infrastructure over its prior digital-asset treasury strategy. The announcement named no exchange or specific incident. However, its crypto lending service “らくらくちょコイン” posted on X the same day, saying an unauthorized-withdrawal security incident had occurred at a large overseas exchange, and that customer assets lent through the service were unaffected.
Another Japanese firm drops bitcoin treasury
Hyperliquid token HYPE, which it began buying in July 2026, will continue to be held. Iore is not the only Japanese listed company adjusting its crypto-asset strategy. Game company enish announced on June 9 it had sold all 8.063 bitcoins, for a loss of about 6.22 million yen; Convano resolved on July 24 to sell most crypto assets, completing the sale on August 10 for a loss of about 298 million yen; Quantum Solutions has sold part of its ether holdings. The market will watch Iore's actual sale progress through end-November, the final loss disclosed on November 16, and whether other Japanese listed companies holding bitcoin follow. A single-company sale of 151 bitcoins is limited in scale, but amid cooling corporate-treasury interest and rising AI investment needs, the shift in fund flows is worth noting.