DailySun
Remixpoint’s recent Bitcoin acquisition, totaling $1.38 million, elevates its overall crypto portfolio to a market valuation of $34.3 million, signifying a profit of almost $6.72 million.
Remixpoint, a consulting firm in Japan’s energy and automotive sectors, has invested in another Bitcoin (BTC) for $1.38 million, which increases its crypto investment total to $27.59 million, according to a report by Yahoo Japan.
On Monday, December 9, the firm disclosed that it successfully acquired 13.24 BTC on December 5 and 6, utilizing ¥213.9 million (about $1.38 million) from its planned ¥1.5 billion ($10.34 million) digital asset investments. The purchase price for each Bitcoin was ¥15.1 million ($102,000), resulting in a total BTC holding of 282.87 BTC.
This latest acquisition aligns with Remixpoint’s comprehensive strategy, as the company had previously announced intentions to invest up to ¥1.5 billion in crypto assets. On December 5, it had already secured 20.84 Bitcoin for ¥300 million ($2.07 million).
With this new purchase, Remixpoint’s crypto holdings now encompass not just Bitcoin, but also Ethereum (227.87 ETH), Solana (9,674.37 SOL), Avalanche (11,875.99 AVAX), Dogecoin (828,500.41 DOGE), and XRP (295,333.73 XRP). The aggregate acquisition cost for these assets amounts to ¥4 billion ($27.59 million).
Founded in 2004 and listed on the Tokyo Stock Exchange since 2006, Remixpoint originally focused on software development but has since diversified into electricity and automobile trading.
Over the past year, various Japanese investment firms have begun exploring crypto investments to combat the nation’s economic challenges. Notably, Metaplanet has gathered a substantial Bitcoin reserve of 1,142 BTC, valued at $106.31 million at current market rates.
