Remixpoint (3825), a Japanese energy consulting firm that decided yen ($ 65 million).
The company based in Tokyo had 5.8 billion yen ($ 38 million) of cryptography at the end of the year, compared to 68 million on March 31. He had spent 9 billion yen in crypto current value of his holdings.
Although Remixpoint focuses on energy consulting, it has recently expanded to provide cryptocurrency transaction services after starting to invest in Bitcoin (BTC) as a coverage against depreciation of the Japanese currency. That is the same strategy as Metaplenet, a Japanese investment company whose BTC investment program announced last April sent its shares to fly by several thousand percent.
The participation of the lion in Remixpoint’s investments was assigned to Bitcoin, while the company also invested invested in Ethher (ETH), Sol XRP and Dogecoin (Doge).
The investment has revealed in the profit report of the third fiscal quarter that saw a gain of 1.35 billion yen and an unrealized gain of 658 million in its cryptocurrency holdings. As of November 2024, the company began to recognize the gains and losses of valuation in its cryptocurrency holdings as part of the income.
The firm increased its accumulation of cryptocurrencies given the demonstration in cryptocurrency prices since the victory of Donald Trump in the presidential elections of the United States, bringing a more friendly regulatory environment for the cryptographic industry.
The company’s shares have increased more than 360% since Trump’s electoral victory. Since then, the company has accelerated its accumulation of cryptography, rather than quadruply its Bitcoin holdings to 125.2 BTC.
Remixpoint’s shares fell 15% on Friday, while the broader Nikkei 225 index fell only 0.79%.
