Equity

Bitcoin

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Dogecoin

Avalanche

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 Japanese consulting firm Remixpoint has increased its crypto holdings to $27.59 million following a $1.38 million Bitcoin purchase,<a href="https://news.yahoo.co.jp/articles/d221b2dd32dd46d923f3a5f99862a151c965f2b3" rel="noopener noreferrer nofollow"> according to Yahoo Japan.</a>
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The company, which operates in the energy and automotive sectors, reportedly acquired an additional 13.24 BTC on December 5 and 6, spending ¥213.9 million (approximately $1.38 million). This purchase brings its total Bitcoin holdings to 282.87 BTC. Remixpoint reported a purchase price of ¥15.1 million ($102,000) per Bitcoin.
This acquisition is part of the firm’s broader ¥1.5 billion ($10.34 million) digital asset investment strategy,<a href="https://defi-planet.com/2024/11/japanese-firm-remixpoint-increases-bitcoin-holdings-amid-market-surge/" rel="noopener noreferrer nofollow"> announced</a> earlier this year.
On November 28, the company reportedly<a style="color: #0000ff;" href="https://coinpost.jp/?p=561936" rel="noopener noreferrer nofollow"> disclosed</a> purchasing 64.4 BTC for 600 million yen, 130.1 ETH for 50 million yen, 2,260.5 SOL for 50 million yen, and 12,269.9 AVAX for 50 million yen, contributing to a total of 750 million yen worth of crypto purchases.
With its latest move, Remixpoint’s crypto portfolio now includes Bitcoin, Ethereum (227.87 ETH), Solana (9,674.37 SOL), Avalanche (11,875.99 AVAX), Dogecoin (828,500.41 DOGE), and XRP (295,333.73 XRP). The total acquisition cost of these assets amounts to ¥4 billion ($27.59 million), as reported.
Over the past year, numerous Japanese investment firms have shifted focus to cryptocurrency investments as a strategy to navigate the country’s economic challenges. One of the prominent examples is Metaplanet, another Tokyo-based investment firm, which adopted a Bitcoin-only Treasury strategy in May 2024. On October 28, it<a style="color: #0000ff;" href="https://defi-planet.com/2024/10/metaplanets-bitcoin-holdings-surpasses-1000-btc-with-new-10-4m-purchase/" rel="noopener noreferrer nofollow"> announced</a> the acquisition of 156.7 BTC for ¥1.6 billion ($10.4 million), pushing its total holdings to 1,018 BTC and cementing its place among the top 20 companies globally with substantial Bitcoin reserves.
RELATED: <a style="color: #0000ff;" href="https://defi-planet.com/2024/11/metaplanet-joins-coinbase-microstrategy-on-coinsharess-blockchain-global-equity-index/" rel="noopener noreferrer nofollow">Metaplanet Joins Coinbase, Microstrategy on CoinShares’s Blockchain Global Equity Index</a>
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The post <a href="https://defi-planet.com/2024/12/remixpoint-expands-crypto-portfolio-with-1-38-million-bitcoin-purchase/" rel="noopener noreferrer nofollow">Remixpoint Expands Crypto Portfolio with $1.38 Million Bitcoin Purchase</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Remixpoint Expands Crypto Portfolio with $1.38 Million Bitcoin Purchase

DeFi Planet

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