Tokyo-based firm Remixpoint has announced plans to increase its Bitcoin reserves to 3000 BTC, following a successful funding round of 31.5 billion yen.
Funding Details
According to a disclosure on July 9, Remixpoint secured 31.5 billion yen (approximately $215 million) via its latest financing round. All funds will be allocated towards Bitcoin purchases, enhancing the accumulation streak it began in 2024.
Bitcoin Accumulation Strategy
The company has set a short-term mission to grow its holdings to 3000 BTC. The actual number of coins acquired will depend on Bitcoin’s market price and Remixpoint’s stock performance, with purchase prices based on the average share value over three consecutive trading days.
High Goals for the Company
Remixpoint's decision to expand its Bitcoin reserves followed a lengthy internal debate. While opinions among leadership varied, the board ultimately agreed that increasing BTC exposure is the right move to push the company into its next growth stage.
Thus, Remixpoint is emphasizing the expansion of its Bitcoin portfolio, which may contribute to the company's success in the rapidly evolving cryptocurrency landscape.
