The company listed on the Tokyo Stock Exchange (TYO) currently holds 648.82 BTC, along with balances of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL).
The Japanese company Remixpoint, listed on the Tokyo Stock Exchange, used its balance sheet reserves to purchase additional Bitcoin (BTC) worth $3.4 million. It is noteworthy that the company, which operates in the automotive and electrical sectors and is keen on investing in crypto, is the former owner of the cryptocurrency trading platform BITPoint, which it sold in 2023 to SBI, one of Japan's securities trading giants.
According to Remixpoint’s investor relations document published on its website on May 14 and a report by the Japanese agency Coinpost, the company spent 500 million Japanese yen (JPY) to purchase Bitcoin balances on the 13th of the same month at an average of 15.23 million yen ($104,506) per coin, acquiring a total of 32.83 BTC, bringing its total balance to 648.82 BTC.
Remixpoint continues to purchase Bitcoin
As of May 14, the book value (total value minus liabilities) of Remixpoint's Bitcoin wallet reached approximately 8.19 billion yen ($56.2 million), with a market value close to 9.91 billion yen ($68 million). The statement also clarified that the company holds significant balances of Ethereum (ETH) and prominent altcoins; over the past year, the company announced its purchase of Solana (SOL), Dogecoin (DOGE), Ripple (XRP), and Avalanche (AVAX).