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Tokyo-based Remixpoint Inc has announced a major move into cryptocurrency by raising approximately ¥31.5 billion ($215 million) to purchase bitcoin. The energy and crypto services company aims to strengthen its corporate treasury with digital assets as part of a long-term strategy.
The firm has set a near-term target of holding 3,000 BTC and currently holds around 1,051 BTC worth approximately $114 million. Remixpoint has also diversified with altcoins like Ether SOL XRP and DOGE to hedge against the weakening Japanese yen. Executives will now receive salaries in BTC starting July 8 including the CEO and President a move designed to align management with shareholder interests.
Directors unanimously approved the decision after extensive discussions stating they believe bitcoin will enhance corporate value. Remixpoint says it understands the difference between calculated risks and recklessness and is confident in the long-term future of crypto. This announcement marks one of the most aggressive corporate crypto strategies seen in Japan to date.
