The company, which has operations in Japan and is listed on the Tokyo Stock Exchange, was founded in 1994 by South Korean billionaire Kim Jung-ju.
Earlier in April, Meitu, the developer of China’s wildly popular beauty-enhancing photo app, Meitu Xiuxiu, revealed that it had accumulated a total of about $100 million worth of Bitcoin and Ethereum.
Tesla CEO Elon Musk, who has been an outspoken supporter of cryptocurrencies, recently revealed that the company sold 10% of its holdings of Bitcoin to demonstrate its liquidity.
It continued to soar this year, hitting an an all-time high of over $63,000 in early April, but concerns over its volatility remain, with some investors pointing out that Bitcoin is a speculative investment.