Remixpoint Group, which is listed on the Tokyo Stock Exchange and formerly owned crypto exchange BITPoint, has just announced that it has used its funds to invest in cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Avalanche (AVAX).

According to an official announcement from Remixpoint, the company spent nearly $5.3 million in this latest crypto purchase.

Remixpoint Expands Portfolio with BTC, ETH and Altcoins

Specifically, the company purchased the following coins:

  • BTC: 64,4

  • ETH: 130,1

  • SUN: 2,260.5

  • AVAX: 12.269,9

Remixpoint spent about $4.22 million on Bitcoin and about $351,700 on altcoins ETH, SOL, and AVAX.

Remixpoint Crypto Purchase Announcement | Source: Remixpoint

The company, listed on the Tokyo Stock Exchange, recently announced plans to expand its portfolio to over $10.5 million worth of Bitcoin, ETH and altcoins.

Remixpoint's board of directors approved the plan at a meeting on September 26. The company said the move is part of a new, revised cash management strategy.

Remixpoint expressed a desire to focus on buying BTC, while also aiming to diversify its portfolio through ETH and other altcoins.

The news helped push the company's stock price on the stock exchange to its highest level (178 yen) since early August (182 yen on August 9).

Remixpoint's share price on the Tokyo Stock Exchange over the past month | Source: Google Finance

The company said it would make the purchases in phases, “based on market developments.”

They aim to “complete the transactions” before the end of the year. Remixpoint also pledged that if the crypto investments have a “material impact” on its future consolidated financial results, the company will “disclose results in a timely manner.”

“The company is looking to reduce its exposure to volatility in the currencies it holds by investing a portion of its surplus funds in crypto assets. This will help the company build a financial position that is less dependent on the Japanese yen,” local crypto news outlet CoinPost reported.

Founded in 2004, Remixpoint was listed on the Tokyo Stock Exchange two years later. The company initially focused on the software industry, but has recently expanded into the energy and automotive business.

In 2016, Remixpoint launched the crypto exchange BITPoint. Last year, the company reached an agreement to sell BITPoint to SBI Holdings.


Source: https://tapchibitcoin.io/tap-doan-nhat-ban-remixpoint-mua-btc-eth-sol-avax-bang-quy-can-doi.html