In a striking move reflecting the dynamic landscape of the cryptocurrency market, Remixpoint (3825), a Japanese energy consulting firm, has made significant strides in building its cryptocurrency reserves. Over the nine months ending December 31, the company’s holdings soared by more than 8,000%, approaching its ambitious target of investing 10 billion yen (approximately $65 million).
As of year-end, Remixpoint possessed 5.8 billion yen (around $38 million) in cryptocurrency, a remarkable increase from a mere 68 million yen in March. The firm disclosed that it had allocated 9 billion yen toward crypto investments as of Thursday, as detailed in an earnings presentation, although it refrained from specifying the current value of its holdings.
While Remixpoint’s core focus remains on energy consultancy, the company has strategically ventured into cryptocurrency transaction services, making investments in bitcoin (BTC) as a hedge against the depreciation of the Japanese yen. This approach mirrors that of Metaplanet, a Japanese investment firm whose BTC investment program initiated last April propelled its shares skyward by several thousand percent.
The majority of Remixpoint’s cryptocurrency investments have been funneled into bitcoin, although the firm has also diversified its portfolio with investments in other cryptocurrencies including ether (ETH), Solana (SOL), XRP, and dogecoin (DOGE).
The company’s fiscal third-quarter earnings report highlighted a profit of 1.35 billion yen, with an unrealized gain of 658 million yen attributed to its cryptocurrency holdings. Notably, since November 2024, Remixpoint has begun recognizing the valuation gains and losses on these assets as part of its revenue.
This aggressive accumulation of cryptocurrency aligns with a broader rally in the market, particularly following Donald Trump’s election as U.S. President, which catalyzed a more favorable regulatory climate for the crypto industry. Since Trump’s electoral victory, Remixpoint’s shares have skyrocketed over 360%, and the firm has more than quadrupled its bitcoin holdings to a total of 125.2 BTC.
However, this significant growth was met with volatility, as evidenced by a 15% drop in Remixpoint’s shares on Friday, contrasting with a modest 0.79% decline in the broader Nikkei 225 index.
