Catenaa, Tuesday, December 3, 2024 – Remixpoint, a Japanese-based firm, is preparing to purchase $3.2 million worth of BTC through its balance sheet, a report on November 27 said.
500 million yen on BTC will be spent for the new purchases that will be completed before this year ends.
The balance sheet utilized similar acquisition of BTC, ETH, SOL, and AVAX holdings launched by the firm in September this year, spending $5.3 million worth of crypto assets.
It is reported that a crypto-heavy firm has piled up smaller DOGE and XRP holdings to maintain its diversified portfolio.
Additionally, onboarding a wide range of crypto would upscale firm’s performance despite the decline of yen-based assets, firm said.
The approval of the firm’s shareholders for this strategic move was received before this year, expecting the firm would handle the surging threat of yen depreciation.
The firm announced that a complete disclosure would be made if this BTC purchase could drive into an impactful outcome.
The diversified crypto portfolio of Remixpoint would top $5.3 million, reports said.
Bitpoint crypto exchange, the subsidiary of SBI today, was founded by Remixpoint Inc.
Founded in 2004 as a software-based company, the firm today stands as an electric and automobile-based firm while it is enlisted in the Tokyo stock market.
