Tokyo-listed Remixpoint boosts Bitcoin reserves with $1.4m purchase

Remixpoint’s latest Bitcoin purchase of $1.38 million increases its total crypto holdings to a market cap of $34.3 million, reflecting a profit of approximately $6.72 million.

According to a report from Yahoo Japan, Japan’s energy and automotive business consultancy Remixpoint purchased an additional Bitcoin (BTC) for $1.38 million, bringing the total amount in its crypto investment portfolio to $27.59 million.

On Monday, December 9, the company announced the purchase of an additional 13.24 BTC on December 5 and 6, using ¥213.9 million (about $1.38 million) of its planned ¥1.5 billion (US$10.34 million) digital assets. announced that it has completed its acquisition. investment. The purchase price per Bitcoin was ¥15.1 million ($102,000) and the total number of BTC purchased now stands at 282.87 BTC.

The latest acquisition is part of Remixpoint’s broader strategy as the company previously announced plans to acquire up to ¥1.5 billion worth of crypto. On December 5, he purchased 20.84 Bitcoins for ¥300 million ($2.07 million).

With this latest acquisition, Remixpoint’s total crypto holdings now include not only Bitcoin but also Ethereum (227.87 ETH), Solana (9,674.37 SOL), Avalanche (11,875.99 AVAX), Dogecoin (828,500.41 DOGE). and includes XRP (295,333.73 XRP). The total acquisition cost of these assets totals ¥4 billion ($27.59 million).

Founded in 2004 and listed on the Tokyo Stock Exchange in 2006, Remixpoint initially operated in the software sector but later expanded into electricity and automobile trading.

Last year, many Japanese investment firms also turned to crypto investments to address the country’s economic challenges. One of the most prominent examples is Metaplanet, which has amassed a Bitcoin treasure of 1,142 BTC, worth $106.31 million at current prices.