Japan's Remixpoint Amplifies Bitcoin Investment with $215 Million Fundraise

Tokyo-based Remixpoint is intensifying its commitment to Bitcoin, aiming to significantly increase its reserves. A July 9 disclosure revealed that the company has raised 31.5 billion yen (approximately $215 million) in its latest funding round, with every yen earmarked for additional Bitcoin (BTC) purchases. This move continues the accumulation strategy initiated in 2024, with a short-term goal of amassing 3,000 BTC. The exact number of coins to be acquired will hinge on Bitcoin's market price and Remixpoint's stock performance, with purchase prices based on the average share value over three consecutive trading days post-transaction. The decision to bolster its Bitcoin reserves followed extensive internal discussions, culminating in a board consensus that expanding BTC exposure is pivotal for the company's next growth phase. Remixpoint's strategy echoes that of Metaplanet, a Japanese firm that transitioned from hotel management to becoming a Bitcoin treasury entity, now holding 15,555 BTC and ranking among the top five corporate holders worldwide. In a bold move, Remixpoint has also announced it will pay its CEO's salary entirely in Bitcoin, a first for the region, underscoring its dedication to a Bitcoin-centric approach. Currently, Remixpoint's portfolio includes approximately 1,051.56 BTC, alongside Ethereum (ETH), XRP (XRP), and Solana (SOL), totaling around $116 million.