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<p>Since September 16, the Japanese Yen has dropped 7.15% against the US dollar, causing challenges for many<a href="https://coinpedia.org/news/metaplanet-stock-soars-after-securing-bitcoin-magazine-japan-for-bitcoin-adoption/" target="_blank" rel="noreferrer noopener"> Japanese businesses. </a>While leaders across Japan discuss how to handle the Yen's decline, Remixpoint, a well-known energy and automotive company, has made a strategic move. </p>   
<p>The company announced it is investing over 500 million Japanese Yen (around $3.2 million) in Bitcoin, aiming to use it as a hedge against the Yen’s depreciation. </p>   
<p>Could this move inspire other Japanese companies to follow suit? Let’s explore further!</p>   
<h2 class="wp-block-heading" id="h-remixpoint-s-new-crypto-investment-strategy">Remixpoint’s New Crypto Investment Strategy</h2>   
<p>This is not the first time that Remixpoint has invested in cryptos. Earlier this year, the company invested at least $5.3 million in <a href="https://coinpedia.org/price-analysis/bitcoin-eth-xrp-price-prediction-key-levels-to-watch-this-week/" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum</a>, Solana, and Avalanche. Notably, the company also holds positions in XRP and Dogecoin as well.</p>   
<p>Reports suggest that the company has secured unrealised gains of $5.3 million for its crypto portfolio. This indicates that the company has benefited greatly from its crypto investment strategy.&nbsp;</p>   
<p>According to a media report, the company is preparing to reduce reliance on Yen-denominated holdings. The report notes that it has received the approval of its shareholders to explore all the possibilities of diversification.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-japanese-yen-market-overview-nbsp">Japanese Yen Market Overview&nbsp;</h2>   
<p>At the start of the year, the Japanese Yen was valued at $0.0070922. By July 10, it had fallen to $0.0061833. However, from July 11 to September 16, the Yen rebounded, rising 14.9% to $0.0071095. Unfortunately, since September 16, the Yen has dropped by 7.15%. On a positive note, in the last ten days, it has gained 3.32% against the US dollar.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/27170557/Japanese-Yen-Market-Overview--1024x576.png" alt="" class="wp-image-386062">
</figure>   [post_titles_links postid="386025"]   
<p>If Remixpoint’s strategy continues to succeed, it could encourage other companies to consider using crypto as a hedge against future currency fluctuations.<br></p>

Remixpoint Invests $3.2 Million in Bitcoin as Japanese Yen Struggles

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