Japanese energy consulting firm Remixpoint sees its cryptocurrency holdings surge by over 8,000% in nine months, with the company’s shares increasing by more than 360% since Donald Trump’s election victory.
Japanese Energy Firm Remixpoint Sees Crypto Holdings Surge by Over 8,000% in 9 Months
Remixpoint, a Japanese energy consulting firm, has seen its cryptocurrency holdings increase by more than 8,000% in the nine months ended December 31. The company’s shares surged after Donald Trump‘s election victory due to the positive outlook for cryptocurrency regulation.
Remixpoint’s Crypto Investment Strategy
The Tokyo-based company invested 9 billion yen ($59 million) in cryptocurrency, primarily bitcoin, as part of its cash-management strategy. Remixpoint focuses on energy consultancy but has recently expanded to provide cryptocurrency transaction services after starting to invest in bitcoin as a hedge against the depreciation of the Japanese currency.
Huge Returns for Remixpoint
The lion’s share of Remixpoint‘s investments were allocated to bitcoin, while the firm also invested in ether (ETH), SOL, XRP, and dogecoin (DOGE). The investment has revealed significant gains in the fiscal third-quarter earnings report, which saw a profit of 1.35 billion yen and an unrealized gain of 658 million on its cryptocurrency holdings.
Remixpoint’s Shares Surge
The company’s shares have surged more than 360% since Trump‘s electoral victory. Since then, the firm has accelerated its crypto accumulation, more than quadrupling its bitcoin holdings to 125.2 BTC. However, Remixpoint‘s shares tumbled 15% on Friday, while the broader Nikkei 225 index dropped just 0.79%.
Remixpoint’s Crypto Accumulation
The company increased its cryptocurrency accumulation given the rally in cryptocurrency prices since Donald Trump‘s victory in the U.S. presidential elections, bringing in a friendlier regulatory environment for the crypto industry. Remixpoint started recognizing valuation gains and losses on its cryptocurrency holdings as part of revenue starting November 2024.
Remixpoint is now close to having spent its target of 10 billion yen ($65 million) on cryptocurrency investments. The company held 5.8 billion yen ($38 million) of crypto at year-end, up from 68 million on March 31.
Bitcoin is a decentralized digital currency created in 2009 by Satoshi Nakamoto.
It uses cryptography to secure and verify transactions, operating independently of central banks.
Transactions are recorded on a public ledger called the blockchain, allowing for peer-to-peer transfers without intermediaries.
As of 2022, Bitcoin has over 18 million users worldwide and is widely accepted as a form of payment.
Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it's not controlled by any government or financial institution.
It operates independently of traditional banking systems and allows peer-to-peer transactions without intermediaries.
Examples include Bitcoin, Ethereum, and Litecoin.
Cryptocurrencies use blockchain technology to record transactions securely and transparently.
