Remixpoint Pays CEO Entirely in Bitcoin for Shareholder Alignment

Remixpoint, a Japanese energy firm, has made a groundbreaking decision to pay its President and CEO’s entire executive compensation in Bitcoin. This move is unprecedented for a listed company in Japan, marking a significant shift in corporate compensation strategies.

The decision is part of Remixpoint’s broader initiative to implement “shareholder-oriented management.” By aligning the CEO’s compensation with Bitcoin, the company aims to ensure that management shares the same economic fate as shareholders. This approach is designed to create a system where economic value can be shared with shareholders, supporting Remixpoint’s strategy of combining crypto assets, energy, and Web domains to create new corporate value.

Remixpoint’s share price often moves in close correlation with Bitcoin’s price, making this compensation method a logical step. The company noted that during its recent general shareholders’ meeting, investors urged management to approach corporate decisions from a shareholder’s perspective by holding shares. However, due to insider trading restrictions and other limitations faced by listed companies in Japan, acquiring and holding company shares in a timely manner can be challenging for management. Paying the CEO in Bitcoin provides an alternative solution.

Technically, the payment will be made in Japanese yen, in line with the Companies Act and tax requirements. The same amount of Bitcoin will then be purchased at market price and transferred to a cryptocurrency wallet designated by the CEO. This ensures that the exec will effectively receive his entire compensation in Bitcoin, aligning with the company’s innovative approach to financial and treasury management based on crypto assets.

Remixpoint CEO Yoshihiko Takahashi commented on the development, stating, “As CEO, my decision to receive all of my compensation in Bitcoin is a declaration of my intention to be ‘in the same boat’ as our shareholders. We take responsibility for increasing corporate value and will do our utmost to manage the company from a shareholder perspective.” Takahashi also emphasized the company’s commitment to developing next-generation financial strategies and treasury management grounded in crypto assets.

This move by Remixpoint is part of a broader trend in Japan, where more companies are integrating Bitcoin into their corporate strategies. Other firms, such as Game developer Gumi, Value Creation, Metaplanet, and SBC Medical Group, have also taken steps to incorporate Bitcoin into their operations, reflecting the growing acceptance of digital currencies in the corporate world.