Remixpoint Invests 750 Million Yen in Cryptocurrency to Hedge Yen Depreciation

user avatar

by Giorgi Kostiuk

2 years ago

Tokyo-listed company Remixpoint, registered on the Tokyo Stock Exchange, has made a significant investment in cryptocurrencies for cash management and investment diversification.

Remixpoint's Cryptocurrency Investment

The company announced details of its purchases on September 27, investing in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) for a combined value of 750 million yen.

Details of Cryptocurrency Purchases

Remixpoint picked up 64.4 BTC, worth 600 million yen, while adding 130.1 ETH, 2,260.5 SOL, and 12,269.9 AVAX, each for 50 million yen. These purchases are part of a wider plan to invest 1.5 billion yen into cryptocurrency, a move approved by the company's board on September 26.

Remixpoint's Risk Management Strategy

The company is investing 1.2 billion yen in Bitcoin, while each of Ethereum, Solana, and Avalanche will attract an investment of 100 million yen each. The purchases are expected to be completed by the end of this year, with acquisitions in installments depending on market conditions. Remixpoint also established a robust risk management policy for its cryptocurrency investments, which includes quarterly market value assessments, the selection of investment management departments, and the use of major exchanges for transactions.

Remixpoint aims to mitigate the impact of a weak yen by diversifying its holdings across various digital assets. This move is part of a broader plan to optimize the company's cash management strategies in the face of Japan's economic conditions.

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

Alchemy Pay Expands Regulatory Reach with New License in Mississippi

Alchemy Pay has secured a money transmitter license in Mississippi, increasing its total to 20 states in the US.

user avatarZainab Kamara

Blockchain.com Introduces New Trading API for Institutional Clients

Blockchain.com has launched a trading API designed for institutions to access its liquidity across digital assets.

user avatarSon Min-ho

Warren and Trump Team Up for Credit Card Interest Rate Cap

Senator Elizabeth Warren announced her readiness to collaborate with President Donald Trump to implement a 10% cap on credit card interest rates, aiming to provide relief for millions of Americans burdened by high credit card debt.

user avatarAyman Ben Youssef

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Google Launches TPU 8tx and TPU 8i Max AI Systems to Challenge Nvidia

Google has launched TPU 8tx and TPU 8i Max AI systems to enhance privacy and memory capabilities, aiming to compete with Nvidia.

user avatarKofi Adjeman

Nvidia's Stock Plummets Amid Scandal and Google’s AI Chip Launch

Nvidia's stock has dropped significantly following CEO Jensen Huang's admission of an extramarital affair, coinciding with Google's announcement of new AI chips.

user avatarNguyen Van Long

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.