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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Trump Calls for Passage of Clarity Act to Boost U.S. Crypto Market

chest

President Trump called for Congress to pass the Clarity Act to establish federal rules for digital assets and maintain U.S. leadership in the crypto market.

user avatarDavid Robinson

GTA 6 Gameplay Leaks Cause Stock Decline for Take Two

chest

This week, the highly anticipated release of GTA 6 from Rockstar Games and Take Two Interactive has been marred by several gameplay leaks, causing Take Two's stock to decline over 15%.

user avatarAndrew Smith

Coinbase Refocuses Base App Strategy After Initial Setbacks

chest

Coinbase shifts its strategy for the Base App, moving away from social features to focus on trading and AI tools.

user avatarJacob Williams

Coinbase Launches Leveraged Crypto Derivatives on Base App

chest

Coinbase launches leveraged crypto derivatives on the Base App, allowing users to trade perpetual futures with up to 50x leverage.

user avatarZainab Kamara

Palantir Technologies Reports Stellar Earnings and Revenue Growth

chest

Palantir Technologies has reported a 93% year-over-year revenue surge and a 225% increase in earnings, positioning itself as a leading AI solution.

user avatarSon Min-ho

US Tech Stocks Experience Significant Gains Driven by AI Boom

chest

The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

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.