Bitcoin Price Drops Amid Interest Rate Hike Speculation

Bitcoin (BTC) experienced a sharp decline on August 29, trading around 12.44 million JPY, while Ethereum (ETH) and Solana (SOL) traded at approximately 390,000 JPY and 16,600 JPY respectively. The global cryptocurrency market capitalization stands at 436 trillion JPY. The report also compares the financing strategies of three major companies holding Bitcoin on their balance sheets.