Increasing Bitcoin Purchase by $7 Million, Boosting Crypto Portfolio to $84 Million by Remixpoint
Japanese consultancy firm Remixpoint has approved an additional investment of approximately $7 million in Bitcoin, escalating its total crypto holdings to roughly $84 million. The announcement was made in a regulatory filing on Monday.
Originally authorized to spend ¥11 billion on cryptocurrencies, Remixpoint has already allocated ¥10.5 billion, leaving ¥1 billion for future purchases. The company intends to acquire Bitcoin "while considering market conditions," according to the filing. No specific purchase date or price target was specified.
Furthermore, Remixpoint disclosed that they will assess their cryptocurrency holdings quarterly. The balance of their crypto assets will be reevaluated every three months, with any gains or losses being recorded on the income statement.
In a separate development, Chainalysis reported a 69% decrease in Ethereum-related scams linked to Japanese crypto exchanges during the first half of 2024. Shares of Remixpoint surged 5.26% following the announcement, closing at 580 yen on the Tokyo Stock Exchange.
Remixpoint, founded in 2004 and publicly listed since 2006, initially started as a software provider before venturing into electricity and automotive trading. Recently, the company has taken a significant interest in cryptocurrencies, joining an expanding group of Japanese firms that view Bitcoin as part of their financial strategy.
Notable companies among this trend include Metaplanet, which has amassed more than 6,700 Bitcoins by Q1 2025 and aims for 10,000 BTC. Metaplanet became the largest public Bitcoin holder in Asia and a trailblazer in corporate Bitcoin adoption. Other firms embracing Bitcoin in their financial strategy include Value Creation, Enish, Gumi, and NEXON.
This growing adoption of Bitcoin as a corporate asset in Japan mirrors global movements among public companies, reflecting a broader shift in the acceptance and integration of digital currencies in mainstream finance.
- Remixpoint, having now invested approximately $7 million in Bitcoin, has increased its cryptocurrency holdings to around $84 million, suggesting a growing interest in cryptocurrencies as part of their financial strategy.
- In addition to Remixpoint, notable Japanese firms such as Metaplanet, Value Creation, Enish, Gumi, and NEXON, have also integrated Bitcoin into their financial strategies, accumulating significant Bitcoin assets.
- Moreover, with plans to reevaluate their crypto assets quarterly, Remixpoint signifies a clear commitment to involve digital currencies like Bitcoin in their financial dealings, following a global trend of public companies integrating cryptocurrencies into mainstream finance.
