Remixpoint Doubles Down: Japanese Firm Drops $3.4M More on Bitcoin Amid Market Volatility

Tokyo-based Remixpoint just shoved another ¥500 million into Bitcoin—because apparently, traditional investments are too boring for a company that also runs electricity retail and crypto exchanges. The move comes despite regulators side-eyeing corporate crypto holdings after last year’s accounting scandals.

Why now? Either they know something we don’t, or this is another case of ’when in doubt, HODL.’ Either way, it’s a bullish signal from a firm that already holds billions in yen worth of BTC. Cue the institutional FOMO.

Bonus jab: Because nothing says ’financial prudence’ like dumping cash into an asset that can swing 10% before lunch.

Remixpoint: Bitcoin Buying Continues

Remixpoint’s BTC portfolio’s book value on May 14 was approximately 8.19 billion yen (56.2 million), with the holdings’ market valuation approximately 9.91 billion yen ($68 million).

Tokyo-listed investment firm @Metaplanet_JP has expanded its Bitcoin treasury, acquiring an additional 1,241 BTC for 18.4 billion yen.#Metaplanet #Bitcoinhttps://t.co/2HBMW7ah2E

The firm has also held on to its seizable ethereum (ETH) and altcoin portfolio, the release continued.

Last year, the company announced it had bought Solana (SOL), Dogecoin (DOGE), XRP, and Avalanche (AVAX) coins.

It is unclear if the firm has since sold its AVAX holdings, as it made no mention of the coins in its latest crypto holdings breakdown.

Per the statement, Remixpoint holds:

• ETH 901.45
• SOL 13,920
• XRP 1.19 million
• DOGE 2.8 million

The total value of its crypto holdings, calculated on May 13, was over 11.1 billion yen ($76 million).

Company Remains Crypto-keen

Despite the BITPoint sale, Remixpoint has continued to pursue crypto-related business avenues. The firm began its crypto-buying strategy in 2024.

And earlier this month, Remixpoint announced plans to launch crypto staking and validator business operations via a partnership with Omakase.

The latter is a validator with a record of operating nodes on at least 20 blockchain protocols.

The deal will see Omakase provide Remixpoint with technical support as the firm builds its own validation business arm.

Omakase will also provide operational monitoring and risk management services.

Japanese firms show no sign of slowing their Bitcoin-buying fervor. The famously Bitcoin-keen Metaplanet boosted the size of its own BTC holdings this month.

And TYO-listed gaming firms like Enish and Gumi have also launched ambitious BTC-buying strategies in recent weeks.