Remixpoint is strengthening its policy of holding cryptocurrencies as corporate assets and has announced cryptocurrency purchases totaling ¥1.5 billion. While holding multiple currencies, centered on Bitcoin, the company is pursuing asset management in combination with its energy business.
Remixpoint, an energy-related company, is pursuing a strategy of strengthening its holdings of cryptocurrencies as corporate assets. Following a resolution by its board of directors on 26 September 2024, the company announced cryptocurrency purchases totaling ¥1.5 billion and has continued acquiring multiple cryptocurrencies, including Bitcoin. As part of its financial strategy, it aims to improve the stability of its yen-denominated assets.
Its current holdings include approximately 1,503 BTC of Bitcoin, approximately 901.45 ETH of Ethereum, approximately 1,191,204 XRP of XRP, approximately 13,920.07 SOL of Solana and approximately 2,802,311.997 DOGE of Dogecoin. The company has disclosed total fair value of approximately ¥1.584 billion. Its management framework provides for separate accounts with each counterparty, with fair value measured quarterly and recognized in profit or loss.
As part of its medium-term management plan, Remixpoint has set targets of ¥69.2 billion in revenue and ¥9.1 billion in operating profit for the fiscal year ending March 2029, and plans to expand its business in combination with its energy storage and digital businesses. It currently follows a no-dividend policy that prioritizes growth investment over shareholder returns, while also considering the possibility of resuming dividend payments in the future.
The share price is strongly affected by the price of Bitcoin, and there have been periods in which it has risen or fallen in response to cryptocurrency price movements. In the past, misconduct including an unauthorized cryptocurrency outflow incident and an administrative monetary penalty order related to insider trading has been reported, highlighting the importance of governance and risk management.
Metaplanet is cited as another Japanese listed company engaged in Bitcoin-based asset management, and the use of cryptocurrency exchanges such as Coincheck is also discussed.