Remixpoint’s Investment in Bitcoin
Remixpoint, a publicly traded Japanese company on the Tokyo Exchange, has made a significant investment in cryptocurrency Bitcoin, acquiring an additional $3.4 million worth. Known for its involvement in both auto and electricity trading, Remixpoint previously owned the cryptocurrency exchange BITPoint before selling it to SBI Securities in 2023.
Recent Purchase Details
According to a recent investor relations update released on May 14, the company conducted the purchase on May 13, investing approximately 500 million yen (around $3.4 million) in Bitcoin at a price of 15.23 million yen (about $104,506) per unit. This latest transaction increased Remixpoint’s total Bitcoin holdings to 648.82 BTC, with a book value of about 8.19 billion yen (approximately $56.2 million) and a market valuation around 9.91 billion yen ($68 million) as of May 14.
Diverse Cryptocurrency Portfolio
In addition to Bitcoin, Remixpoint has maintained a diverse portfolio that includes Ethereum (ETH) and several other altcoins. The firm had previously made headlines last year by acquiring cryptocurrencies such as Solana (SOL), Dogecoin (DOGE), XRP, and Avalanche (AVAX). However, it remains unclear whether they still retain their AVAX investments, as this detail was omitted from their latest report.
Total Cryptocurrency Holdings
As of May 13, the overall value of Remixpoint’s cryptocurrency portfolio exceeded 11.1 billion yen (about $76 million). Despite the divestiture of BITPoint, Remixpoint’s interest in the cryptocurrency market has not waned; the company first embarked on its crypto acquisition strategy in 2024.
Future Plans in Cryptocurrency
Recently, it also revealed intentions to venture into the crypto staking and validator segment through a partnership with Omakase, a validator experienced in managing nodes across multiple blockchain protocols. This collaboration will enable Omakase to assist Remixpoint with technical support, operational monitoring, and risk management services in establishing their validation business.
Growing Enthusiasm for Bitcoin
The enthusiasm for Bitcoin among Japanese companies appears to be growing. Remixpoint is not alone; other firms, such as the Bitcoin-supportive Metaplanet, have increased their BTC holdings this month, while TYO-listed gaming companies like Enish and Gumi are also implementing robust strategies to expand their Bitcoin investments.
