The Japanese energy company Remixpoint invested a total of $59 million in cryptocurrency, adding XRP and Dogecoin in February.
According to Remixpoint's report, the company's balance currently holds:
✅Bitcoin worth $48.6 million;
✅Ethereum worth $3.94 million;
✅Solana worth $2.63 million;
✅XRP worth $2.63 million;
✅Dogecoin worth $1.31 million.
The total value of all assets is approximately 9 billion yen ($59 million), which slightly falls short of the company's investment goal of 10 billion yen. However, this is 13,000% more compared to the assets that Remixpoint owned nearly a year ago. As of March 2024, the company's crypto assets were valued at 68 million yen (approximately $446,500).
Initially, in March 2024, Remixpoint acquired several digital assets, including Solana, Bitcoin, Ethereum, and Avalanche, to hedge against yen devaluation and diversify its assets. In October 2024, the company increased its Bitcoin holdings to 125 BTC.
In November and December, the company continued to build its reserves, increasing them to 299 BTC by the end of the year.
By early February 2025, the total value of Bitcoin reached 5.6 billion yen ($38 million). This means that the firm's BTC assets grew by 8000% over nine months.