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Japan-listed Eole has decided to sell all 151.21 Bitcoin it holds, CoinPost reported. The company expects proceeds of about 1.831 billion yen ($11.62 million) and an estimated loss of about 254 million yen.
Eole may sell the BTC in installments from Oct. 30 through late November, and plans to prioritize the funds for its AI data center and AI computing infrastructure business in early December.