The Japanese yen is trading near its weakest level in four decades, prompting corporate treasuries to seek refuge in digital assets.
SBI VC Trade reports a surge in corporate demand for Bitcoin and XRP as the currency's slide forces firms to diversify beyond cash. The exchange's registered corporate accounts have doubled to over two million.
Hedge fund bearish bets on the yen are at their highest since 2007, driven by the significant interest-rate gap between the U.S. Federal Reserve and the Bank of Japan. This gap makes holding yen a losing proposition, pushing companies toward harder assets.
The movement reflects a broader carry trade trend, with some capital now flowing into regulated Japanese crypto channels rather than offshore ones.
Bitcoin has traded near $62,650, showing a weekly gain of over six percent.