Japan’s Remixpoint Invests $3.2M to Add 33 BTC To Its Crypto Holdings

Japanese energy consulting firm Remixpoint has expanded its cryptocurrency portfolio by acquiring an additional 33.34 Bitcoin (BTC) for 500 million yen ($3.2 million).

The Tokyo-listed company announced the purchase on Friday, 10 January 2025, bringing its total Bitcoin holdings to 333.19 BTC, valued at approximately $31.7 million.

The company’s cryptocurrency assets now also include 1,391.3 Ethereum (ETH) worth $4.4 million, 6,724.5 Solana (SOL) worth $1.2 million, 513,060 XRP valued at $1.3 million, 19,468.9 Avalanche (AVAX) worth $694,650, and 1.15 million Dogecoin (DOGE) valued at $402,500.

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Remixpoint Adopts Crypto To Hedge Against Yen Depreciation

Remixpoint’s strategy reflects its aim to hedge against the depreciation of the Japanese yen by incorporating cryptocurrencies into its cash management system.

The company initially announced its decision in September, citing the need to mitigate risks associated with currency value fluctuations and reduce exposure to the yen.

Tokyo-listed Remixpoint boosts its #Bitcoin holdings by 33.34 BTC ($3.2M), totaling 333.19 BTC ($31.7M).

The firm also holds #ETH, #SOL, #XRP, #AVAX & #DOGE, diversifying against yen depreciation.

Following strategies like MicroStrategy, #crypto is their hedge. pic.twitter.com/bPXNIuaNHh

— TechTiynypen News (@TechTinypen) January 14, 2025

The move aligns with strategies adopted by firms like MicroStrategy and Metaplanet. MicroStrategy, the largest corporate Bitcoin holder, recently acquired 2,530 BTC for $243 million, raising its holdings to 450,000 BTC.

Meanwhile, Japanese investment firm Metaplanet plans to expand its Bitcoin reserves to 10,000 BTC by year-end. Currently holding 1,762 Bitcoin valued at $173.4 million from 19 purchases, Metaplanet has followed MicroStrategy’s Bitcoin investment strategy closely.

Metaplanet is the largest corporate Bitcoin holder in Asia and ranks 15th globally among publicly listed companies, according to BitcoinTreasuries data.

Known for energy management systems and consulting services, Remixpoint’s stock has gained 3.7% in Tuesday’s trading session and risen 12.7% year-to-date, according to Yahoo Finance.

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Bitcoin Adoption Among Nations Find Momentum

Notably, there has been a growing momentum in Bitcoin adoption, as smaller nations like El Salvador and Bhutan continue to use Bitcoin reserves as part of their economic strategies.

Adding to this trend, Wu Jiexhuang, a member of Hong Kong’s Legislative Council, proposed incorporating Bitcoin into Hong Kong’s national reserves for financial stability.

In Europe, Germany’s Free Democratic Party (FDP) has also expressed openness to adopting Bitcoin as a reserve asset. The FDP’s platform for the 2025 elections advocates for distributed ledger technology and calls on institutions like the European Central Bank and the German Bundesbank to consider Bitcoin to enhance the resilience of Europe’s monetary system.

Meanwhile, President-elect Donald Trump’s suggestion to make Bitcoin a strategic reserve asset has added to the ongoing discussion about Bitcoin’s role in traditional markets.

Last week, New Hampshire and North Dakota also introduced legislation to establish strategic Bitcoin reserves, marking a growing trend among U.S. states to diversify their treasuries with cryptocurrency.

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