[NEWS] Remixpoint announces additional Bitcoin purchase, total investment reaches 3.5 billion yen

Remixpoint, listed on the Tokyo Stock Exchange Standard Exchange, announced on the 25th that it had resolved to purchase additional Bitcoin (BTC). Remixpoint also announced the purchase of additional crypto assets (virtual currency) on the 21st, bringing its total investment to 3.5 billion yen.

Remixpoint stated that the reason for the additional purchase was "based on the market environment to date." It also stated that the total amount of the additional crypto assets to be purchased is 500 million yen, all of which will be allocated to Bitcoin. The timing of the purchase is based on market conditions and aims to complete the purchase by the end of the year.

In September of this year, Remixpoint announced plans to purchase crypto assets as part of its financial strategy. At the time, it said it would purchase 1.5 billion yen worth of crypto assets, and revealed that it had completed the purchase of Bitcoin, Ethereum (ETH), Solana (SOL), and Avalanche (AVAX).

The background to the additional purchase includes the upward price trend in light of Bitcoin's halving and the presence of President-elect Trump, who won the US presidential election. Additionally, the launch of a Bitcoin spot ETF in the United States in January this year has also contributed to the rise in institutional investors and companies holding cryptocurrencies.

According to the announcement on the 21st, Remixpoint also newly purchased Dogecoin (DOGE) and XRP. It purchased 50 million yen of each, with an average acquisition price of 60.35 yen for Dogecoin and 169.3 yen for XRP.

The total investment amount of crypto assets purchased by Remixpoint as of the 21st was 3 billion yen, and the market valuation as of that day was approximately 3.8 billion yen. This means that it made a profit of approximately 800 million yen on the 21st.

Reference: Announcement 1 , Announcement 2
Image: Shutterstock

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