Japanese consulting firm Remixpoint has raised approximately 31.5 billion yen (around $215 million) for the purpose of acquiring Bitcoin. The company aims to purchase 3000 BTC in the near term.
Financing and Bitcoin Acquisition Plans
Remixpoint warned that fluctuations in the prices of crypto assets and its own stock prices could impact the plan. Following the initial acquisition, additional purchases will be based on the average stock price over three consecutive trading days. In its statement, the company noted that after extensive internal discussions, it has become increasingly convinced of Bitcoin’s future potential.
Salary Payment in Bitcoin
The day after the fundraising announcement, Remixpoint stated that its President and CEO, Yoshihiko Takahashi, would receive his entire executive compensation in Bitcoin. This makes it the first listed company in Japan to adopt such an approach. This step aligns with Remixpoint's goal of 'shareholder-oriented management,' ensuring that management shares the same economic fate as shareholders.
Growth of Corporate Bitcoin Adoption
The announcement comes amid a broader trend in Japan, where various companies, including Gumi, Value Creation, Metaplanet, and SBC Medical, have started leveraging Bitcoin in their strategies. Moreover, outside Japan, firms like Semler Scientific are also actively including Bitcoin in their assets. This week, Semler acquired 187 BTC for $20 million, increasing its total holdings to 4636 BTC.
Thus, Remixpoint, along with other companies, demonstrates a growing interest in Bitcoin within the corporate sector, reflecting a commitment to integrating cryptocurrencies into business models.
