Tokyo-listed energy and fintech company Remixpoint has raised 31.5 billion yen (approximately $215 million) to expand its Bitcoin inventory, aiming to accumulate 3,000 BTC.
According to a Wednesday announcement, Tokyo-based energy company Remixpoint raised 31.5 billion yen (about $215 million) to expand its Bitcoin reserves.
Remixpoint posted on the X platform that the company will use all newly raised funds for Bitcoin (BTC) acquisitions. According to local media CoinPost, these funds were raised through the 25th stock acquisition rights and the fourth unsecured bond of Remixpoint.
This series of stock acquisition rights will create 55 million new shares, with a dilution rate of 39.9%. The issuance is at market price without any discounts.
The post also stated that the company's goal is to reach a reserve of 3,000 BTC in the short term. According to data from BitcoinTreasuries.NET, Remixpoint is currently the 30th largest corporate Bitcoin reserve company, holding 1,051 BTC valued at over $113.8 million.
This news follows Tuesday's announcement that Remixpoint CEO Takashi Tashiro will receive his compensation in Bitcoin as part of an established effort to "stand together with shareholders." The company is a Tokyo-listed energy and fintech firm that has shifted towards accumulating Bitcoin.
"We are more confident about the future of Bitcoin, and this decision is the result of extensive discussions," the company stated on Tuesday.
The company's board unanimously approved this investment strategy, citing the potential to enhance corporate value from a risk-return perspective while maintaining future flexibility:
The competition in the Bitcoin reserve sector is fierce.
The number of corporate Bitcoin reserves continues to grow, which may be driven by the success of early adopters and market dynamics. The world's first Bitcoin reserve company, Strategy, expects to report unrealized gains exceeding $13 billion in Bitcoin holdings in the second quarter of 2025, but reported $14 billion in unrealized gains on Monday.
Japan's top corporate Bitcoin reserve company, Metaplanet, acquired an additional 2,204 Bitcoin for $237 million on Monday. On Tuesday, the company's CEO also stated that the company is exploring the acquisition of a digital bank to further expand its business.
Similarly, on Tuesday, two European companies — France's The Blockchain Group and the UK's Smarter Web Company — increased their Bitcoin holdings by 116 BTC and 226.42 BTC, respectively. Despite the frequent activity, not everyone believes this is a successful bet.
Glassnode Chief Analyst James Check suggested last week that the Bitcoin reserve strategy may not have the longevity that many expect. He stated that the easily accessible upside for new companies entering the space may have passed, emphasizing a decline in investor interest. "No one wants the 50th reserve company," he said.
