Remixpoint’s recent acquisition of Bitcoin worth $1.38 million elevates its total cryptocurrency assets to a market valuation of $34.3 million, indicating a profit of nearly $6.72 million.
Japan‘s consulting firm in energy and automotive, Remixpoint, has purchased an additional Bitcoin (BTC) for $1.38 million, increasing its crypto investment portfolio to a total of $27.59 million, according to a report by Yahoo Japan reports.
On Monday, December 9, the company announced that it finalized the purchase of 13.24 BTC on December 5 and 6, using ¥213.9 million (about $1.38 million) from its planned ¥1.5 billion ($10.34 million) digital asset investment. The cost per Bitcoin was ¥15.1 million ($102,000), raising the total BTC owned to 282.87 BTC.
This recent acquisition aligns with Remixpoint’s comprehensive strategy, as the company had earlier announced intentions to invest up to ¥1.5 billion in cryptocurrencies. On December 5, they had already acquired 20.84 Bitcoin for ¥300 million ($2.07 million).
Following this latest transaction, Remixpoint’s total cryptocurrency holdings now encompass not only 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 total expenditure 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 but has diversified into electricity and automobile trading.
Over the past year, numerous Japanese investment firms have pivoted towards cryptocurrency investments to tackle the nation’s economic hurdles. A standout example is Metaplanet, which has built a substantial Bitcoin reserve of 1,142 BTC, currently valued at $106.31 million.
