Lib Work, a Japanese company specializing in innovative 3D-printed housing solutions, has announced that it will invest $3.3 million in Bitcoin to bolster its corporate treasury. The investment could boost confidence in cryptocurrency among risk-averse Japanese firms, encouraging similar strategies. The move also aligns with Japan’s progressive crypto regulations.
At current Bitcoin price, the company can acquire roughly 28 Bitcoin units. This purchase may place Lib Work at number 105 on the global ranking of companies holding Bitcoin in their treasuries.
The firm plans to buy Bitcoin through a three-month purchasing program starting in September. It will gradually purchase Bitcoin from crypto exchanges through December, while developing a risk management system to monitor its digital asset holdings.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
This decision to allocate a significant portion of its financial reserves to Bitcoin signals a strategic diversification, reflecting growing confidence in digital assets among traditional industries.
Additionally, Lib Work is now using blockchain technology in a new way by creating special digital versions of its house designs called NFTs. This helps keep the designs safe and proves who owns them. These NFTs contain house identification numbers, ownership history, and design specifications. Buyers receive exclusive rights to architectural plans while preventing unauthorized copying of proprietary blueprints. One of their house models, the Lib Earth House Model B, has already been turned into a digital blueprint stored securely on the blockchain.
“Because 3D printed houses are based on digital designs, protecting the rights to these design files and managing their licenses is essential,” the company explained.
This adoption of blockchain technology aims to enhance transparency, ownership verification, and innovation in how architectural designs are shared and monetized, positioning Lib Work as a forward-thinking player in both the construction and digital technology spaces.
Company Cites Inflation Protection as Key Driver
The company’s board cited “inflationary trends” and risks from holding only cash assets as primary reasons for the Bitcoin adoption. The company believes cryptocurrency will help hedge against economic uncertainty while preparing for future international expansion.
“Our company has decided to adopt a phased approach to acquisition and holding, in response to these risks and to prepare for future growth areas with overseas operators,” Lib Work stated.
Construction Industry Challenges Drive Innovation
Lib Work points to widespread labor shortages and rising material costs as factors pushing companies toward digital solutions. The firm believes 3D printing technology, combined with blockchain asset management, can reduce overall project costs.
The company sees potential for creating “new international housing markets for the metaverse and Web3 era” through digitalized construction processes.
Founded in 1997, Lib Work shifted focus to 3D-printed homes in 2018 after changing its corporate name. The firm primarily sells detached houses and real estate through internet platforms and virtual reality showcases.
The dual blockchain strategy positions Lib Work among growing numbers of traditional companies adopting cryptocurrency and NFT technologies for business operations beyond simple speculation.
