Close Menu
Japan’s Remixpoint Buys Another .4M Worth of Bitcoin

Japan’s Remixpoint Buys Another $3.4M Worth of Bitcoin

3 Mins ReadNo Comments Crypto News

Author

Tim Alper

Japan’s Remixpoint Buys Another .4M Worth of Bitcoin

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Japan’s Remixpoint Buys Another $3.4M Worth of Bitcoin

The Tokyo Exchange-listed Japanese firm Remixpoint has used its balance sheet to buy another $3.4 million worth of Bitcoin (BTC).

The crypto-keen auto and electricity trading company is the former owner of the crypto exchange BITPoint, which it sold to the securities giant SBI in 2023.

Per a Remixpoint investor relations document posted to its website on May 14 and a report from Japan’s CoinPost, the firm spent 500 million yen on Bitcoin on May 13, paying about 15.23 million yen (104,506) per BTC.

In total, the firm bought BTC 32.83, bringing the sum of its Bitcoin holdings to BTC 648.82.

Remixpoint: Bitcoin Buying Continues

Remixpoint’s BTC portfolio’s book value on May 14 was approximately 8.19 billion yen (56.2 million), with the holdings’ market valuation approximately 9.91 billion yen ($68 million).

The firm has also held on to its seizable Ethereum (ETH) and altcoin portfolio, the release continued.

Last year, the company announced it had bought Solana (SOL), Dogecoin (DOGE), XRP, and Avalanche (AVAX) coins.

It is unclear if the firm has since sold its AVAX holdings, as it made no mention of the coins in its latest crypto holdings breakdown.

Per the statement, Remixpoint holds:

  • ETH 901.45
  • SOL 13,920
  • XRP 1.19 million
  • DOGE 2.8 million

The total value of its crypto holdings, calculated on May 13, was over 11.1 billion yen ($76 million).

A graph showing Remixpoint (TYO: 3825) share prices on the Tokyo Exchange over the past month.
Remixpoint (TYO: 3825) share prices on the Tokyo Exchange over the past month. (Source: Google Finance/Morningstar)

Company Remains Crypto-keen

Despite the BITPoint sale, Remixpoint has continued to pursue crypto-related business avenues. The firm began its crypto-buying strategy in 2024.

And earlier this month, Remixpoint announced plans to launch crypto staking and validator business operations via a partnership with Omakase.

The latter is a validator with a record of operating nodes on at least 20 blockchain protocols.

The deal will see Omakase provide Remixpoint with technical support as the firm builds its own validation business arm.

Omakase will also provide operational monitoring and risk management services.

Japanese firms show no sign of slowing their Bitcoin-buying fervor. The famously Bitcoin-keen Metaplanet boosted the size of its own BTC holdings this month.

And TYO-listed gaming firms like Enish and Gumi have also launched ambitious BTC-buying strategies in recent weeks.


Share.

Related Posts

Add A Comment

Comments are closed.