Remixpoint Continues to Expand Cryptocurrency Portfolio

user avatar

by Giorgi Kostiuk

2 years ago

The Tokyo-listed company Remixpoint announced additional purchases of bitcoins and other cryptocurrencies to diversify currency risk.

Bitcoin and Other Cryptocurrency Purchases

The Japanese energy consulting firm Remixpoint has increased its bitcoin holdings to 333.19 BTC (just over $31.7 million) with an additional purchase of 33.34 BTC for 500 million yen (about $3.2 million). Additionally, the company holds 1,391.3 ETH ($4.4 million), 6,724.5 SOL ($1.2 million), 513,060 XRP ($1.3 million), 19,468.9 AVAX ($694,650), and 1.15 million DOGE ($402,500).

Company Objectives and Strategy

According to Remixpoint's statement, the company started investing in cryptocurrencies in September to hedge against the depreciation of the Japanese yen and diversify risk related to currency value fluctuations. This is part of the company's cash management strategy aimed at reducing reliance on the Japanese currency.

Comparison with Other Companies

Remixpoint's approach to bitcoin investments mirrors the strategies of well-known companies such as MicroStrategy and Metaplanet. On Monday, MicroStrategy, the largest corporate holder of bitcoin, announced an additional purchase of 2,530 BTC for about $243 million, raising its holdings to 450,000 BTC. Meanwhile, the Japanese investment firm Metaplanet recently announced plans to increase its bitcoin holdings to 10,000 BTC within the year, following a recent purchase of 619.7 BTC.

Remixpoint continues to expand its cryptocurrency investments, aiming to mitigate currency risks and preserve asset value amid market fluctuations.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.