XRP News Today: Remixpoint Boosts Bitcoin Holdings by 648.82 BTC, Reflecting Japanese Corporate Crypto Trend

Remixpoint, a Tokyo Exchange-listed Japanese firm, has recently expanded its Bitcoin holdings by purchasing an additional $3.4 million worth of the cryptocurrency. This acquisition brings the company's total Bitcoin holdings to 648.82 BTC. The purchase was made on May 13, with the firm spending 500 million yen, equivalent to approximately 15.23 million yen per BTC.

The company, known for its involvement in the auto and electricity trading sectors, has a history of investing in cryptocurrencies. In 2023, Remixpoint sold its crypto exchange BITPoint to the securities giant SBI. Despite this sale, the firm has continued to pursue crypto-related business opportunities. In 2024, Remixpoint began its crypto-buying strategy and has since expanded its portfolio to include Ethereum, Solana, Dogecoin, XRP, and Avalanche.

As of May 14, the book value of Remixpoint's Bitcoin portfolio was approximately 8.19 billion yen, with the market valuation of its holdings around 9.91 billion yen. The total value of the company's crypto holdings, calculated on May 13, was over 11.1 billion yen. The firm's current holdings include 901.45 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE. It is unclear whether the firm still holds its Avalanche (AVAX) coins, as there was no mention of them in the latest crypto holdings breakdown.

Remixpoint's continued investment in cryptocurrencies reflects its commitment to the digital asset space. The firm has also announced plans to launch crypto staking and validator business operations through a partnership with Omakase, a validator with experience operating nodes on at least 20 blockchain protocols. This partnership will provide Remixpoint with technical support, operational monitoring, and risk management services as it builds its own validation business arm.

Remixpoint's crypto-buying strategy is part of a broader trend among Japanese firms, which have shown no signs of slowing their Bitcoin-buying fervor. Other companies, such as Metaplanet and gaming firms Enish and Gumi, have also launched ambitious Bitcoin-buying strategies in recent weeks. This trend highlights the growing interest and investment in cryptocurrencies within the Japanese corporate sector.