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

By: crypto news|2025/05/16 07:45:05

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 ContinuesRemixpoint’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). Tokyo-listed investment firm @Metaplanet_JP has expanded its Bitcoin treasury, acquiring an additional 1,241 BTC for 18.4 billion yen.#Metaplanet #Bitcoinhttps://t.co/2HBMW7ah2E— Cryptonews.com (@cryptonews) May 12, 2025The 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 901.45SOL 13,920XRP 1.19 millionDOGE 2.8 millionThe total value of its crypto holdings, calculated on May 13, was over 11.1 billion yen ($76 million).Remixpoint (TYO: 3825) share prices on the Tokyo Exchange over the past month. (Source: Google Finance/Morningstar)Company Remains Crypto-keenDespite 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.The post Japan’s Remixpoint Buys Another $3.4M Worth of Bitcoin appeared first on Cryptonews.

-- Price

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...