[NEWS] Remixpoint, listed on the Tokyo Stock Exchange Standard Exchange, purchases crypto assets worth 1.5 billion yen

Remixpoint, Parent Company of Cryptocurrency Exchange BitPoint, Announces Plan to Purchase ¥1.5 Billion Worth of Cryptocurrencies.

On the 26th, Remixpoint, the parent company of cryptocurrency exchange BitPoint, announced its plan to purchase ¥1.5 billion worth of cryptocurrencies. Out of this amount, ¥750 million has already been acquired.

The breakdown is as follows: 64.4029046 BTC of Bitcoin (BTC) for ¥600 million, 130.104995 ETH of Ethereum (ETH) for ¥50 million, 2,260.5 SOL of Solana (SOL) for ¥50 million, and 12,269.93865 AVAX of Avalanche (AVAX) for ¥50 million. The remaining ¥750 million will be purchased by the end of the year.

In a statement regarding the cryptocurrency purchase, the company said:

"With the possibility of further yen depreciation amid currency fluctuations—one of the factors behind inflation—we aim to diversify the risks associated with asset value fluctuations and build our positions by allocating a portion of our surplus funds to cryptocurrencies such as Bitcoin."

The background to this decision includes the growing trend of U.S. companies investing in cryptocurrencies as part of their business strategies. The successful launch of a Bitcoin spot ETF in the U.S. this January, and the growing recognition and improving market conditions for cryptocurrencies, were also reasons for the purchase.

In the U.S., more companies are purchasing Bitcoin as a financial asset. Intelligence firm MicroStrategy, which champions Bitcoin as a corporate asset, recently purchased an additional 7,420 BTC for approximately ¥66 billion. The funds for the purchase were raised by issuing $1.01 billion (approximately ¥145 billion) in convertible bonds, with a maturity date of 2028. The convertible bonds were sold out immediately, reflecting strong support from investors for the strategy.

Bitcoin Purchases as a Financial Strategy

MicroStrategy now holds a total of 252,220 BTC, equivalent to about ¥2.3 trillion. The company is also considering lending Bitcoin as part of its new business strategy.

Meanwhile, Bitcoin technology firm River has announced that it expects U.S. companies to increase their Bitcoin investments over the next 18 months. River predicts that around 10% of U.S. companies will convert 1.5% of their financial reserves—about $10.35 billion (approximately ¥1.5 trillion)—into Bitcoin within the next year and a half.

In Japan, companies are also beginning to view Bitcoin investments as part of their financial and business strategies. One pioneer is Meta Planet, which started investing in Bitcoin this year and currently holds 398.8 BTC, equivalent to approximately ¥3.7 billion.

To strengthen its Bitcoin accumulation strategy, Remixpoint has partnered with SBI Group's cryptocurrency exchange SBI VC Trade. It is expected that more Japanese companies will start incorporating Bitcoin and other cryptocurrencies into their financial strategies in the future.

Reference: Announcement
Image: Shutterstock

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