Catenaa, Sunday, January 18, 2025 – Japanese firm Remixpoint, a former cryptocurrency exchange operator, has completed a $3.2 million Bitcoin purchase, adding 33.34 BTC to its growing portfolio.
The company, now holding 333.189 BTC, announced the acquisition late last week, according to Coinpost.
The move is part of Remixpoint’s broader Bitcoin-buying strategy, with plans to invest an additional $16 million in BTC. The firm said it would make these purchases gradually, assessing market conditions before the dates were finalized.
While Remixpoint has previously invested in Ethereum (ETH) and other altcoins like Solana (SOL), XRP, Avalanche (AVAX), and Dogecoin (DOGE), the company has not disclosed any immediate plans for further altcoin acquisitions. In September 2024, it allocated $4.22 million toward Bitcoin alongside its altcoin purchases.
Remixpoint, listed on the Tokyo Stock Exchange, originally launched the BITPoint crypto exchange in 2016. The firm sold BITPoint to SBI Group in 2023 and currently operates in sectors including software, automobiles, and electricity trading.
The trend of Japanese companies increasing Bitcoin investments continues. Investment firm Metaplanet recently announced its aim to expand Bitcoin holdings to 10,000 BTC by the end of 2025, emphasizing its goal of becoming Asia’s leading Bitcoin treasury.
Remixpoint’s strategic BTC acquisitions and its broader crypto asset management efforts highlight Japan’s growing interest in digital assets as firms seek to solidify their positions in the evolving cryptocurrency market.
