Kimono Maker Becomes 'Bitcoin Japan' in Bold Crypto Pivot

Kimono Maker Becomes 'Bitcoin Japan' in Bold Crypto Pivot
In a move signaling a significant shift in corporate strategy, a venerable Japanese kimono and textiles manufacturer is poised to formally rename itself "Bitcoin Japan" at an upcoming shareholders meeting on November 11. This rebranding initiative extends to adopting "Bitcoin Japan Corporation" as its official English designation, reflecting a decisive pivot towards integrating Bitcoin into its corporate balance sheet and focusing on comprehensive crypto treasury operations. This transformative decision, partly detailed in a recent company release, underscores a growing trend of traditional industries embracing digital assets as a core component of their future business models. Strategic Rebranding and New Leadership The impetus for this profound organizational overhaul can be traced to Bakkt’s agreement in June to acquire a controlling stake in the business. This strategic investment has not only infused new capital but also heralded a change in leadership, with Phi…