Tokyo-listed energy and fintech company Remixpoint has announced a significant strategic shift, raising 31.5 billion yen (approximately $215 million) to expand its Bitcoin (BTC) holdings. The company revealed the move on Wednesday via an official post on X, signaling an aggressive pivot toward building one of the largest corporate Bitcoin treasuries in Japan.
The capital injection comes from the issuance of Remixpoint’s 25th series of stock acquisition rights and its fourth series of unsecured bonds, according to reporting by Japanese crypto news outlet CoinPost.
3,000 BTC Target: A Bold Short-Term Ambition
All funds raised will be directed solely toward purchasing Bitcoin, Remixpoint confirmed. The issuance of 55 million new shares is expected to result in a 39.9% dilution, though the shares are being issued at market price without discounts.
Currently, Remixpoint holds 1,051 BTC, valued at over $113.8 million, ranking it as the 30th largest corporate Bitcoin treasury according to BitcoinTreasuries.NET. The company has now set its sights on a near-term goal of acquiring 3,000 BTC, which would more than double its current reserves.
CEO to Be Paid in Bitcoin
This strategic pivot follows the announcement earlier this week that Remixpoint CEO Takashi Tashiro will begin receiving his salary in Bitcoin. The move is part of the company’s broader alignment with shareholders and its firm belief in Bitcoin’s long-term potential.
“We have become even more convinced of Bitcoin’s future, and this decision is the result of extensive discussions,” the company stated, emphasizing its desire to both seize strategic opportunities and preserve long-term flexibility.
Bitcoin Treasury Race Heats Up
Remixpoint’s announcement comes amid a surge in corporate Bitcoin acquisitions globally. Japan’s leading Bitcoin treasury firm, Metaplanet, made headlines Monday by purchasing an additional 2,204 BTC for $237 million. The next day, its CEO revealed plans to explore the acquisition of a digital bank to further integrate Bitcoin into its business operations.
Across Europe, momentum is also building. France’s The Blockchain Group and the UK’s Smarter Web Company expanded their treasuries this week by 116 BTC and 226.42 BTC, respectively.
