Japan's Remixpoint has adopted a BTC reserve strategy and also invested in ETH and SOL

According to reports, the Japanese company Remixpoint, a former cryptocurrency exchange operator, has adopted a BTC reserve strategy, holding a total of 536.5 BTC. The stock price has more than tripled in the past six months.

Remixpoint operated the Cryptocurrency exchange BITPoint

Remixpoint, Inc. is a company based in Japan that mainly operates in energy-related businesses, automobile businesses, and medical businesses. It is listed on the Tokyo Stock exchange with stock code 3825.

Remixpoint was established as BITPoint in 2016, mainly as a provider of virtual currency exchange services. And from 2022 to the end of 2023, all shares will be transferred in batches to the SBI Group.

SBI is one of Japan's largest financial groups and a key participant in Japan's Web3 industry. Its exchange SBI VC Trade has seen a significant increase in encryption business revenue recently, bringing considerable profits to the group.

According to the MarketScreener website, Remixpoint's largest shareholder also includes Rakuten Group, while SBI Holdings still holds 4.7% of its shares.

Remixpoint joins the BTC reserve strategy, holding a total of 536.5 BTC

According to the data from BitcoinTreasuries, the company now holds 536.5 BTC.

According to the third quarter earnings report of ( in Japan from October to December ), Remixpoint's operating profit was 178 million yen, with a realized profit of 1.35 billion yen from its Crypto Assets holdings and an unrealized profit of 658 million yen. Starting from November 2024, the company began to recognize the valuation gains and losses of its Crypto Assets holdings as part of its income.

According to its latest financial report, as of 2/13, Remixpoint has purchased 9 billion yen of Crypto Assets, including 7.4 billion yen of BTC, 600 million yen of Ethereum, 400 million yen of SOL, 400 million yen of XRP, and 200 million yen of Dogecoin. The company's goal is to purchase 10 billion yen of encryption assets.

Japanese tax-efficient BTC reserve strategy company

In Japan, capital gains on direct purchase of BTC are subject to a tax as high as 55%, so investing in stocks such as Metaplanet through individual savings account (NISA) is a cheap and convenient option for small-scale and first-time buyers.

Japanese accommodation provider Metaplanet, which entered the BTC reserve strategy earlier, saw its stock market value rise from 14 million USD to 1.37 billion USD, an increase of 97 times. While its BTC market value is 172 million USD, accounting for only 12.6% of its stock market value, it is evident that Japanese investors are crazy about Metaplanet.

(Metaplanet financial report welcomes profits, and options create BTC income as an important source of profit)

This article, Japan's Remixpoint joins BTC reserve strategy, also invests in ETH, SOL, first appeared on Chain News ABMedia.