Japanese energy consulting firm Remixpoint (3825) has significantly ramped up its cryptocurrency holdings, witnessing an 8,000% surge in just nine months. As of December 31, 2024, the company held 5.8 billion yen ($38 million) in crypto, up from a modest 68 million yen on March 31.
Remixpoint’s crypto strategy aligns with its diversification efforts, following in the footsteps of Japanese investment firm Metaplanet, which saw a massive stock rally after betting on Bitcoin. The company has allocated a major share to Bitcoin (BTC) while also investing in Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE).
Trump’s Victory Sparks Crypto Optimism
The sharp rally in crypto prices after Donald Trump’s U.S. election victory played a major role in Remixpoint’s investment decisions. With Trump’s presidency expected to bring favorable regulatory policies for the crypto industry, investors have flocked to digital assets.
Since Trump’s electoral win, Remixpoint quadrupled its Bitcoin holdings to 125.2 BTC, accelerating its crypto accumulation. The firm has spent 9 billion yen of its 10 billion yen budget for crypto purchases, demonstrating confidence in the market’s long-term potential.
Financial Gains and New Accounting Approach
Remixpoint’s fiscal third-quarter report revealed a profit of 1.35 billion yen, with an unrealized gain of 658 million yen on its crypto holdings. In November 2024, the firm began recognizing valuation gains and losses on crypto holdings as part of its revenue, reflecting a strategic shift in financial reporting.
This move suggests Remixpoint sees crypto as more than just a hedge against yen depreciation, treating it as an integral part of its business model.
Market Reaction and Share Price Volatility
Despite its aggressive crypto strategy, Remixpoint’s stock remains volatile. Shares surged over 360% post-election but recently fell 15% on Friday, in contrast to the Nikkei 225 index’s smaller 0.79% drop. The fluctuation indicates that investors are still gauging the risks tied to the firm’s crypto-heavy approach.
As Remixpoint nears its 10 billion yen target, the market will be closely watching how its crypto investments fare amid regulatory developments and broader economic shifts.
