TYO:9399

2 stories mentioning TYO:9399Updated just now

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Beat Holdings' Unit to Exit Messaging Service Business

Beat Holdings (TYO:9399) said its consolidated unit GINSMS will discontinue its application-to-person messaging service business by June 30, according to a Thursday filing on the Tokyo Stock Exchange.The Cayman Islands-based global investment company said that the company boards on Wednesday agreed to discontinue the business to improve profitability and focus on the software services business, improving long-term business performance.The GINSMS will redeploy the affected employees into the existing open positions within the software service business.

TYO:9399

Asia42d ago

Beat Holdings Reports Nearly $4 Million Unrealized Loss on Bitcoin ETF Position

Beat Holdings (TYO:9399) said its holdings in the iShares Bitcoin Trust ETF were valued at about $14.3 million as of April 30, compared with a total purchase cost of about $18.1 million, according to a Thursday filing on the Tokyo Stock Exchange.The company held 330,930 units of the Bitcoin ETF, resulting in an unrealized valuation loss of about $3.8 million, or 609.6 million yen, based on Nasdaq's April 30 closing price of $43.32 per unit.

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