Remixpoint has taken a significant step in the Japanese business and crypto landscape, becoming the first public company to pay its CEO entirely in Bitcoin. This initiative underscores the company's commitment to its Bitcoin strategy and aims to establish unity with shareholders.
Decision to Pay Salary in Bitcoin
Remixpoint announced its decision to pay its President and CEO Yoshihiko Takahashi's salary entirely in Bitcoin. This decision was outlined in an official press release, where Takahashi emphasized that his choice demonstrates support for the company's Bitcoin strategy and solidarity with shareholders.
Why Bitcoin?
The company explained that shareholders had previously urged management to hold company stocks to align leadership incentives with investor interests, but regulatory restrictions, including insider trading concerns, made this impossible. As an alternative, it was decided to pay salary in Bitcoin.
Statistics and Current Market Status
As of now, Bitcoin is trading at $108,461. While the price has slightly dipped by 0.45% in the last 24 hours, it has risen by 1.59% over the past week. In December 2024, Remixpoint increased its cryptocurrency holdings to $27.59 million after a $1.38 million Bitcoin purchase. Currently, the company holds 1,051 BTC valued at approximately $114.03 million.
Remixpoint's initiative marks an important step for Japanese companies in the cryptocurrency space and could serve as an example for other organizations considering the integration of digital assets into their financial models.
