Japanese listed company Remixpoint has significantly expanded its Bitcoin holdings, adding 13.24 BTC to its corporate treasury.
This latest purchase, made between December 5-6, was equivalent to approximately $1.32 million at the time.
Remixpoint disclosed that this acquisition was part of an additional 1.5 billion yen (around $10 million) investment in cryptocurrencies that was approved on November 28.
Remixpoint Boosts Bitcoin Treasury, Now Holds Over 282 BTC
The average purchase price of Remixpoint’s latest Bitcoin buy was around 15.1 million yen (about $100,000) per BTC.
This brings the company’s total investment in crypto assets to 4 billion yen ($26.49 million). With the new 13.24 BTC, Remixpoint’s total Bitcoin holdings now stand at 282.87 BTC.
The current valuation of this BTC stash, based on Bitcoin’s price of $97,092.25 as of December 8, is approximately 767 million yen ($5.08 million) – representing a significant gain for the Japanese firm.
Also Read: MARA Holdings Completes $1 Billion Convertible Notes Offering To Purchase More Bitcoins
Bitcoin Price Movements
Bitcoin’s price has seen some fluctuations in recent days. Today, the leading cryptocurrency is trading at $97,092.25, marking a 1.84% decline over the past 24 hours and a 23% monthly price increase.
However, in the last 7 days, Bitcoin has seen a 1.67% increase in value. With a circulating supply of 20 million BTC, the cryptocurrency’s total market capitalization currently stands at $1.92 trillion.
Other Major Corporate Bitcoin Purchases
Remixpoint’s move to bolster its Bitcoin treasury is part of a broader trend of large corporations allocating capital to the leading digital asset.
For instance, business intelligence firm MicroStrategy recently purchased an additional $1.3 billion worth of Bitcoin between December 2-8, further expanding its already substantial BTC holdings.
Similarly, Bitcoin miner MARA Holdings announced the issuance of $1 billion in zero-coupon convertible senior notes, which enabled the company to acquire an additional 703 Bitcoins. This brings MARA’s total Bitcoin holdings to 6,474 BTC.
Metaplanet’s Capital Raise for Bitcoin Accumulation
Additionally, Japanese firm Metaplanet revealed plans to raise $62 million through a share subscription rights offering.
The purpose of this capital raise is to accelerate Metaplanet’s Bitcoin purchases, allowing the company to capitalize on the cryptocurrency’s recent price movements and bolster its BTC treasury while also reducing exposure to the weakening Japanese yen.
These strategic moves by Remixpoint, MicroStrategy, MARA Holdings, and Metaplanet underscore the growing trend of corporations embracing Bitcoin as a long-term investment and treasury asset.
As the adoption of cryptocurrency continues to expand, more public companies are likely to follow suit, diversifying their balance sheets and aligning their financial strategies with the rise of digital assets.
Also Read: Trump-Backed ‘Bitcoin Act’ Could Allow US Govt to Purchase 1 Million BTC: CoinShares