Japanese company Remixpoint has recently increased its Bitcoin holdings by acquiring 56.87 BTC for about $6 million. This purchase marks a significant step in the company's strategy.
Remixpoint's Bitcoin Purchase
Remixpoint added 56.87 BTC to its reserves, spending about ¥887 million, equivalent to approximately $6 million. This increase enables the company to surpass the 1,000 BTC mark for the first time, now holding 1,038.27 BTC. The market value of its crypto assets is around ¥17.25 billion, valued at $115 million.
Trend of Increasing Bitcoin Holdings in Japan and Beyond
Remixpoint is not the only Japanese company increasing its Bitcoin exposure. For instance, Metaplanet now holds 8,888 BTC, valued at over $921 million. In the UK, Smarter Web Company also made a major Bitcoin purchase of 74.27 BTC, which is part of their long-term investment strategy in Bitcoin.
Bitcoin as Part of Corporate Strategy
The trend of using Bitcoin as a store of value is observed across other countries as well. Financial institutions are also getting involved; for example, Russia's largest bank, Sberbank, launched structured bonds linked to Bitcoin. This indicates a growing acceptance of digital assets in mainstream finance.
By holding over 1,000 BTC, Remixpoint joins a growing list of companies utilizing Bitcoin to store value and hedge against financial risks. The interest in Bitcoin from businesses and banks continues to rise, making it a critical part of modern financial strategy.
