Remixpoint, a former crypto-exchange operator and Bitcoin (BTC buyer, completed a $3.2 Million purchase.
According to the Japanese media outlet Copost Remixpoint announced last week that they had purchased “additional Bitcoin” “worth 500,000,000 yen.”
Remixpoint Bitcoin Buying Continues
The company announced that it added BTC 33.34 BTC to its rapidly-growing holdings. Remixpoint owns BTC 33.189.
It appears, however, that the company has not yet finished spending money on Bitcoin. The company announced on January 9 that it would spend an additional $16 million in BTC.
The company hasn’t yet decided on a specific date for its remaining purchases. It will instead invest $16 million over time in Bitcoin, as it “assesses the market trends.”
Remixpoint spent money in the past on Ethereum, and altcoins. It hasn’t announced any new altcoin plans despite previous claims that it had set aside funds to buy more crypto.
The Company also holds Ether and Altcoins
According to documentation from Remixpoint, the company continues to hold Ethereum as well as Solana XRP Avalanche AVAX and Dogecoin .
The company made its altcoin purchase in September last year. It also spent about $4.22 millions on Bitcoin.
The company was listed on the Tokyo Stock Exchange in 2016 and operated the BITPoint cryptocurrency exchange.
The firm has finalized a 2023 deal to sell BITPoint securities, crypto mining and banking company SBI.
Remixpoint is active in the sectors of software, automobiles, and electricity trading. It was founded by 2004 and became public two years later.
Japanese firms opt for BTC
This is not the first time that a major Japanese company has invested heavily in Bitcoin. Metaplanet , a Japanese investment firm, announced earlier this month that it would increase the size of the Bitcoin holdings.
The company said that it wanted to be “Asia’s leading Bitcoin Treasury Company” and also stated its “goal” of “expanding” its Bitcoin holdings up to BTC 10,000 before the end of 2025.
