IORE to Sell All 151.21 Bitcoin (BTC) to Fund AI Data Center Push

IORE Inc., listed on the Tokyo Stock Exchange’s Growth market, resolved at its board meeting on Friday to sell its entire 151.21 Bitcoin (BTC) holding and steer an estimated ¥1.831 billion in proceeds into investments tied to its AI data center business. According to the company’s investor-relations disclosure, the estimated sale amount was computed at the market price as of October 30 and sits below the ¥2.085 billion book value the holding carried at the September 30 market valuation, leaving an expected loss of roughly ¥254 million. The company framed the exit as a response to cyber threats it sees expanding rapidly and reaching across the entire digital supply chain: against that environment, it reassessed the risks and the value-creation potential of holding assets versus investing in the business, and reset its capital allocation. Under the resolution, selling runs from October 30 through the end of November through a crypto asset exchange service provider, in market sales that may be split into tranches, so the realized yen figure depends on prices across the window. The proceeds are earmarked first for investment in the AI data center and AI compute provision business, the so-called neocloud business, with the money allocated in early December. The loss is to be booked in cost of sales in the third quarter of the fiscal year ending March 2027. IORE’s coins sat on the balance sheet of a TradFi name rather than a crypto-native firm, and the exit unfolds with the Bitcoin (BTC) price at $77,456, up 0.4% over the past 24 hours.

From Balance Sheet to AI Infrastructure

Alongside the sale, IORE amended the stated use of proceeds of stock acquisition rights disclosed on September 9, 2025, raising the allocation for AI data center related investment from ¥2.0 billion to ¥2.6 billion while cutting planned digital asset purchases from ¥8.49 billion to ¥7.89 billion. The company said funding needs for the neocloud business are set to grow as the project takes concrete shape. The amended plan still reserves ¥7.89 billion for digital asset purchases, so the crypto budget survives in reduced form while the AI infrastructure program takes priority. One position survives the reset entirely: the altcoin Hyperliquid (HYPE), which IORE began acquiring in July 2026, stays on the balance sheet for now, so the retreat covers Bitcoin (BTC) alone. Any change that accounts for other effects will be published in the second-quarter earnings report due November 16. The move extends a pattern among Japanese listed names that had embraced corporate Bitcoin accumulation. Game developer Enish announced on June 9 that it had sold its entire 8.063 BTC, bought for about ¥104 million in April 2025 as part of a financial strategy, for roughly ¥79.27 million, booking a loss of about ¥6.22 million to secure funding for a Solana-centered active treasury business. Convano, which resolved its first Bitcoin purchases in August 2025, decided on July 24 to sell all of its crypto holdings except those earmarked for shareholder benefits and pledged as collateral, and completed the sale as of August 10 with a loss of about ¥298 million. Both reversals erode the Bitcoin maximalism that carried corporate buyers into the market, a stance in which the HODL discipline of holding through cycles passed for strategy and the coins were framed as a permanent strategic Bitcoin reserve. The tape into which IORE is selling has softened too: after a pullback through late October, Bitcoin (BTC) trades near a zone marked by the 200-day moving average.

A $75,074 Floor Under the Sale Window

The strongest support below the market sits at $75,074, scored 96 out of 100 in our composite, with resistance overhead at $78,309 scored 100 out of 100; the trend reads as a downtrend with an RSI of 35.75 at the $77,456 spot. The order itself is too small to dent liquidity: 24-hour volume across the market stands near $23.5 billion. What matters for IORE is the yen price realized between now and the end of November, since the ¥1.831 billion estimate was struck at the October 30 market and a slide toward $75,074 would trim it. Against the ¥2.6 billion the amended warrant plan now allocates to AI data center investment, the sale leaves ¥1.831 billion of cash in hand toward that obligation. The full level map sits in our Bitcoin technical analysis.