Tokyo Exchange-listed Remixpoint, known for its auto and electricity trading ventures, has made a significant addition to its Bitcoin (BTC) holdings, purchasing BTC 32.83 worth approximately 500 million yen ($3.4 million).
According to an investor relations document released on May 14, the firm paid an average of 15.23 million yen ($104,506) per BTC, bringing its total Bitcoin holdings to BTC 648.82, valued at around 8.19 billion yen ($56.2 million).
Expanding Crypto Portfolio
In addition to Bitcoin, Remixpoint also holds a diversified crypto portfolio that includes:
- Ethereum (ETH): 901.45
- Solana (SOL): 13,920
- XRP: 1.19 million
- Dogecoin (DOGE): 2.8 million
The total market value of these holdings, calculated on May 13, stood at approximately 11.1 billion yen ($76 million). The report did not mention Avalanche (AVAX), a coin previously disclosed in 2024, suggesting that it may no longer be part of Remixpoint’s holdings.
Ongoing Crypto Initiatives and Staking Plans
Despite selling its crypto exchange BITPoint to SBI in 2023, Remixpoint continues to explore new crypto-related avenues.
Earlier this month, the firm announced plans to enter the crypto staking and validator business through a partnership with Omakase, a node operator managing validators on at least 20 blockchain networks.
Under the agreement, Omakase will provide technical support, operational monitoring, and risk management services, enabling Remixpoint to build a validator business arm.
Japanese Firms Ramp Up Bitcoin Accumulation
Remixpoint is not the only Japanese firm increasing its exposure to Bitcoin.
- Metaplanet recently expanded its Bitcoin holdings, reflecting the growing interest in crypto among Japanese corporations.
- Gaming firms like Enish and Gumi have also launched BTC-buying strategies, further demonstrating the country’s growing appetite for digital assets amid economic uncertainties.
