TOKYO, Jul 06 (Pulse News Wire) – Abc CO.,LTD. (8783.T) announced today that its board of directors has decided to withdraw from its cryptocurrency trading business due to ongoing concerns regarding valuation and accounting treatment of meme coins such as NYANMARU Coin ($NYAN), WOWBIT ($WWB), and Nyanmaru GOLD Utility Token ($AGF).
The decision was made after careful consideration of future profitability, liquidity, and costs associated with maintaining internal controls. The company believes that reallocating resources to existing and growth businesses would enhance long-term enterprise value and shareholder returns more effectively than continuing the cryptocurrency operations. The withdrawal process is scheduled to begin on July 06, 2026 and is expected to conclude by July 15, 2026. During this period, the company plans to cease all new investments and transactions related to cryptocurrencies.
Existing holdings will be liquidated through sales or other methods, taking into account market impact, liquidity, and price trends. In addition to divesting from the cryptocurrency sector, Abc CO.,LTD. intends to strengthen its financial reporting and internal control systems further. The company will continue to monitor the potential impact on its consolidated earnings for the fiscal year and will promptly disclose any necessary adjustments to forecasts.
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