Remixpoint, a Tokyo-listed energy and automotive consulting firm, has purchased an additional 33.34 Bitcoins for $3.2 million, showing a commitment to continue prioritizing.
According to a recent media statement, Remixpoint had purchased that additional digital asset, bringing its total crypto holdings to at least 333.19 BTC worth over $31.7 million. The statement further revealed that the company’s cryptocurrency portfolio holds 391.3 ETH worth $4.4 million, 6,724.5 SOL worth $1.2 million, 513,060 XRP worth $1.3 million, 19,468.9 AVAX worth $694,650 and 1.15 million DOGE worth $402,500 at the current market value.
Following the Footsteps of MicroStrategy
In a bid to build a hedge against the depreciation of the local Japanese yes, the company has since September 2024 spent over $5.3 million on purchasing different digital assets, including BTC, Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) holdings. Remixpoint stated it invested in and held crypto assets as part of its cash management strategy to “diversify the risk of currency value fluctuations and reduce our exposure to the Japanese yen.” The firm formerly owned cryptocurrency exchange BITPoint before it sold it to securities and crypto giant SBI in 2023.
Remixpoint’s decision to buy more Bitcoin follows in the footsteps of Metaplanet and MicroStrategy. At the moment, Michael Saylor’s MicroStrategy is the largest corporate holder of Bitcoin, with an estimated 450,000 BTC after acquiring an additional 2,530 Bitcoins worth $243 million during the week ending January 12, 2025. Metaplanet, another Japanese investment firm, stated last week that it aimed to expand its Bitcoin holdings to at least 10,000 by 2025. The firm currently has about 1,761.98 BTC after purchasing 619.7 BTC on December 23, 2024.
Remixpoint Shares Surged Following Announcement
Remixpoint deals with energy management systems and provides energy-saving support consulting services in Japan. The Tokyo-listed company’s share surged by an additional 3.5% following the announcement of the new Bitcoin purchase and has reportedly surged over 12.7% since the beginning of 2025. The company has cited the surging trend of the price of Bitcoin and Donald Trump’s win in the 2024 US presidential elections as the main reason behind the decision to invest in more Bitcoin.
Remixpoint is among the growing Japanese companies that are spending millions of dollars buying Bitcoin. For example, investment firm Metaplanet has announced plans to boost its Bitcoin holdings by an additional 10,000 BTC to become “Asia’s leading Bitcoin treasury company” by the end of 2025. The latest news shows that the company has just launched Bitcoin Magazine Japan to promote Bitcoin adoption in the country by offering education and fostering a community of crypto innovators.
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Japan Wants to Lead the Bitcoin Ecosystem in Asia
The strategic moves by companies like Metaplanet and Remixpoint position Japan in a leading position within the global Bitcoin ecosystem. Such moves can potentially impact economic freedom in the country, drive technological innovation, and promote the country’s leadership in decentralized finance (DeFi). Metaplanet is a technology and finance-based company that seeks to promote Bitcoin adoption in Japan. Their latest product, Bitcoin Magazine Japan, is designed to educate the population about Bitcoin and promote its adoption as a tool for economic freedom and innovation.
Conclusion
Like all the other Japanese firms joining the Bitcoin bandwagon, Remixpoint has ventured into crypto investment to mitigate the country’s economic challenges. Metaplanet leads the group of companies with its stash of 1,142 BTC, worth $106.31 million at current prices. Remixpoint was established in 2004 and listed on the Tokyo Stock Exchange by 2006. The purchase of an additional 33.34 Bitcoins highlights the growing place of Bitcoin as a hedge against inflation by institutional crypto investors.
Frequently Asked Questions (FAQs)
Why is Bitcoin a hedge against inflation?
Bitcoin can hedge against inflation since it has limited and controlled issuance at a fixed supply of 21 million. It is also armed with deflationary mechanisms like halving that make it resistant to inflationary pressures, unlike fiat currencies, which can devalue when excess money is printed.
Why are many companies buying Bitcoin lately?
While gold has been the primary hedge against inflation, most companies turn to Bitcoin during the ongoing inflationary period due to its unique properties that make it digital gold.
Which companies hold the most Bitcoins today?
MicroStrategy, led by Michael Saylor, has made headlines for its aggressive Bitcoin accumulation strategy. With over 450,000 BTC, the company has recently adopted Bitcoin as its main treasury reserve asset.
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