EOLE WILL SELL ALL 151.21 OF ITS OWN BITCOIN, NAMING CYBER THREATS — THE SAME DAY IT TOLD LENDING CUSTOMERS THEIR COINS ARE FINE — IN MAY IT HAD BORROWED OVER 300 FROM THEM
On October 30, 2026, the board of eole Inc., a small company on the Tokyo Stock Exchange’s Growth market, voted to sell all 151.21 bitcoin it holds. It’ll sell through a crypto exchange, in pieces if needed, by the end of November, and put the money into AI data centers. The notice opens with cyber threats it says are spreading fast and with risk across the digital supply chain. At October 30 prices it expects about ¥1.831 billion, ¥254 million under the coins’ September 30 book value. It’s keeping its HYPE tokens.
The same day, eole posted a notice to customers of its lending service, Rakuraku Chocoin. People send it bitcoin and it pays them a rate, 7% a year on bitcoin for November. The notice said the hack at a big overseas exchange hadn’t touched customers’ coins, that its partners had confirmed the same, and that lending and return requests were running as normal. The service’s site says it puts lent coins to work with a partner, J-CAM, in crypto funds.
In its May 15 growth plan, eole put the bitcoin it had borrowed from those customers at over 300, against 168.5 of its own. The same plan said it would hold only bitcoin, because bitcoin’s track record is established. In July it changed the plan to allow other tokens and started buying HYPE. Now it’s selling every bitcoin it owns.
A lent coin isn’t your coin. Once it leaves your wallet you hold a promise from eole. The keys sit with eole, split up with Fireblocks software, it says, and the coins go out to earn the rate. The company is selling its own bitcoin with cyber threats in the first lines of the notice. Its customers’ bitcoin stays where it is, and they can’t check it from their own node. At the time of this writing, bitcoin was $77,594.
Terms in this story: Node