Japanese Firm Remixpoint on the Move, Buys 3,000 BTC for $215 Million
Remixpoint Inco., a well-known Japanese firm, has announced its investment in Bitcoin.
On Wednesday, July 9, in a post on X, Remixpoint officially announced that it has raised approximately 31.5 billion yen ($215 million) to purchase 3,000 BTC.
Its latest move makes it a part of the growing list of companies in Japan that are incorporating cryptocurrency into their treasury strategies. it also highlights the increasing acceptance of Bitcoin as a financially viable asset, comparable to traditional businesses, particularly in the technology and e-commerce sectors. The move by Remixpoint positions it as a forward-thinking player in the rapidly evolving financial landscape.
The company did not reveal details about the funding framework or provide a timeline for the acquisitions. Remixpoint is involved in renewable-energy initiatives and previously operated the BITPoint Japan cryptocurrency exchange, before selling its stake to SBI Holdings in 2023.
The organization’s initiative to purchase 3,000 BTC indicates a long-term investment approach, mirroring the tactics adopted by other significant corporations that have integrated Bitcoin into their asset portfolios. Its action is likely to capture the interest of different companies in the area, potentially motivating analogous investments and further solidifying Bitcoin’s status as a conventional asset.
Metaplanet, a Tokyo-based firm renowned for its strategy, has secured over $1 billion this year through stock sales to accumulate BTC, and currently possesses 15,555 bitcoins. Public enterprises now control more than 737,660 BTC, roughly 3.5% of Bitcoin’s circulating supply, as companies progressively adopt the largest cryptocurrency as their primary reserve asset.
Remixpoint to Pay CEO with Bitcoin
Takashi Tashiro, the CEO of Remixpoint, has further underscored his dedication to the company’s new direction by choosing to receive his entire salary in Bitcoin. This choice aligns Tashiro’s stakes with those of the shareholders, emphasizing a robust conviction in Bitcoin’s potential within the firm’s framework.
The firm will convert his salary from Japanese yen to Bitcoin at the current exchange rate and subsequently deposited into a crypto wallet selected by Tashiro.
