Japan’s Remixpoint steps up Bitcoin bet with $215 million raise
The Tokyo-based firm is doubling down on its Bitcoin strategy, now setting its sights on growing its reserve to the thousands.
According to a July 9 disclosure , Remixpoint has secured 31.5 billion yen, worth approximately $215 million, through its latest round of financing. Every yen of the funds will go toward buying more Bitcoin ( BTC ) purchases, boosting the accumulation streak it commenced back in 2024.
The company also revealed its short-term mission, which is to grow its holdings to 3,000 BTC. Per its statement, the actual number of coins acquired will depend on Bitcoin’s market price and Remixpoint’s stock performance, as purchase prices will be based on the average share value across three consecutive trading days post-transaction.
Remixpoint added that its reseve decision followed a lengthy internal debate. While opinions among leadership were divided, the board ultimately agreed that expanding BTC exposure is the right move to push the company into its next growth stage.
The adoption closely mirrors Metaplanet, the Japanese hotel manager-turned-Bitcoin-treasury firm that has been making headlines for its Bitcoin strategy. Metaplanet was the first public company in Japan to make Bitcoin its core treasury asset, and has been on an aggressive accumulation streak since 2024.
So far, the firm has grown its BTC portfolio to 15,555 BTC, now ranking among the top five corporate holders globally.
However, Remixpoint is pushing its best on the crypto asset even further. It recently announced the decision to pay its CEO’s salary entirely in Bitcoin, becoming the first company in the region to do so. The move, according to the company, signals firm loyalty to its Bitcoin-focused strategy.
As of now, Remixpoint holds around 1,051.56 BTC, according to its website. That’s part of a broader $116 million portfolio that also includes Ethereum ( ETH ), XRP ( XRP ), and Solana ( SOL ).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Three Giants Call for "Slowdown": AI Confidence Wavers, Oil Prices Break $100, Federal Reserve Rate Hike Imminent—U.S. Stocks May Face the Most Dangerous Week This Year
The Federal Reserve may raise interest rates, AI slowdown severely impacts chip stocks, Saudi pipeline attack drives up oil prices—this week, the US stock market faces a dual pressure test from inflation and risk appetite.
AI development slowdown combined with surging oil prices hit Japanese and Korean chip stocks first, SK Hynix falls more than 5%, SoftBank plunges 11%
AI giants have made a rare joint call to slow down the development of advanced models. The South Korean and Japanese stock markets have declined, with the Seoul Composite Index falling over 3% and the Nikkei 225 Index dropping more than 2%. SoftBank plunged 11% in a single day, while SK Hynix dropped over 5%. Meanwhile, Saudi Arabia has shut down oil pipelines, pushing Brent crude prices up to $107. Combined with the US CPI exceeding expectations, the probability of a Fed rate hike on Wednesday is now over 90%. The double whammy has led to a turbulent opening for Asian markets.
ASIC and optical interconnects drive high-speed growth! Bank of America strongly supports the soaring Marvell (MRVL.US), claiming there's still 55% upside potential
Bank of America maintains its $365 price target for Marvell, citing its focus on expanding revenue per AI system through custom AI accelerators (i.e., AI ASIC/XPU) and supporting optical interconnect chips, driven by massive demand for AI agents. Compared to the September 11 closing price of $236.10, this target implies a potential upside of approximately 54.6%.
Crypto prices
More
