Remixpoint, a Japanese energy and automotive company, capitalized on the recent Bitcoin rally by acquiring 500 million yen (roughly $3.2 million) in BTC.
In a recent company announcement, Remixpoint revealed that its latest purchase brings its total Bitcoin holdings to 250.13 BTC, valued at around 3.67 billion yen ($24.16 million) at current market prices. The company attributed its decision to increase Bitcoin holdings to the cryptocurrency’s rising price trend and the anticipated impact of Trump’s victory in the U.S. presidential election. The purchase is slated for completion by year-end, contingent on market conditions.
The notice stated that if the recent Bitcoin purchase significantly affects the company’s financial results, the company will promptly disclose that information.
Notably, On November 22, Bitcoin achieved a new all-time high of $99,645, nearing the $100,000 landmark. Currently, Bitcoin is priced at $93,092.
The Tokyo-based automobile company started investing in cryptocurrency on September 27, 2024. Remixpoint revealed that it had purchased 64.4 BTC for 600 million yen, 130.1 ETH for 50 million yen, 2,260.5 SOL for 50 million yen, and 12,269.9 AVAX for 50 million yen. The total value of these acquisitions amounts to 750 million yen. This purchase is part of a larger plan to acquire 1.5 billion yen worth of cryptocurrencies, a decision confirmed by the company’s board of directors.
Similarly, Investment firm Metaplanet has recently increased its Bitcoin holdings to 639.5 BTC, valued at around $40.5 million, after acquiring 108.78 BTC on October 7. This resulted in a share price surge of over 11%, reaching an intraday high of ¥1,047 ($7). The firm also purchased 107.913 BTC for about 1 billion yen ($6.9 million) at an average price of 9.26 million yen ($64,168) per Bitcoin, bringing its total holdings to 506.745 BTC valued at $32.2 million. This reflects Metaplanet’s strategy to integrate cryptocurrency into its operations.
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