Remixpoint Expands Crypto Holdings with $3.2M Bitcoin Purchase

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In the context of a general decline in the cryptocurrency market, companies like Remixpoint are taking advantage of this downturn to enhance their Bitcoin investments. On January 10, Japanese energy consultancy firm Remixpoint disclosed the acquisition of an additional 33.34 Bitcoins, worth approximately $3.2 million at the time. This purchase increased their total Bitcoin holdings to around 333.19 BTC, equivalent to a value of roughly $31.7 million.

Currently, this acquisition takes place as Bitcoin experiences a dip following its peak price of $108,268 on December 17th. After plummeting below $90,000 on January 13th, there have been indications of recovery for Bitcoin today. At the moment of writing, the leading cryptocurrency is being traded at $94,881, representing a rise of 1.2% over the past 24 hours.

Beyond just Bitcoin, Remixpoint revealed a variety of cryptocurrencies in their holdings, anticipating a potential large-scale altcoin surge in 2025. Their portfolio consists of:

* Ether (ETH) worth approximately $4.4 million, with a market cap of $390.44 billion and a 24-hour trading volume of $39.49 billion. Its 24-hour volatility is 3.1%.
* Solana (SOL) worth around $1.2 million, boasting a market cap of $91.72 billion and a 24-hour trading volume of $5.83 billion. The 24-hour volatility for Solana is 5.6%.
* XRP with a value of approximately $1.3 million, having a market cap of $148.05 billion and a 24-hour trading volume of $8.53 billion. Its 24-hour volatility stands at 5.8%.
* Avalanche (AVAX) worth around $694,650, with a market cap of $14.90 billion and a 24-hour trading volume of $491.21 million. The 24-hour volatility for Avalanche is 5.9%.
* Dogecoin (DOGE) worth roughly $402,500, with a market cap of $52.22 billion and a 24-hour trading volume of $3.96 billion. The 24-hour volatility for Dogecoin is 9.4%.

Each of these cryptocurrencies has its own unique characteristics and potentials, making Remixpoint’s diversified holdings an interesting mix in their investment strategy.

In line with our strategic plan for managing risk due to potential devaluation of the Japanese yen, our recent acquisition falls under this category. Essentially, Remixpoint is looking to safeguard itself by investing in digital assets. This move is designed to lessen risks linked to currency value instability and enhance its financial robustness.

It’s worth noting that Remixpoint isn’t the only Japanese company investing in Bitcoin during challenging financial times. In fact, another publicly traded Tokyo-based company, Metaplanet, has significantly invested in Bitcoin. Since April of last year, Metaplanet has accumulated approximately 1,762 Bitcoins, currently valued at around $165 million. Their CEO, Simon Gerovich, has announced plans to boost their holdings to 10,000 Bitcoins by the end of 2025. Remarkably, Metaplanet’s Bitcoin-centric strategy has propelled a substantial 2,200% increase in its stock value between Q2 2024 and now.

Major Purchases amid Market Downturn

With Bitcoin currently trading 12% below its highest point, significant companies are hurrying to buy the digital currency at a reduced price. From January 6 to January 12, MicroStrategy, the world’s leading corporate Bitcoin owner, snapped up 2,530 Bitcoins for $243 million. This latest purchase boosted their total holdings to an impressive 450,000 Bitcoins.

In a similar fashion, during a three-week span ending on January 10, 2025, the US-based health tech company, Semler Scientific, bought 237 Bitcoins for approximately $23.3 million. This acquisition brings their total Bitcoin holdings to 2,321 BTC, with each Bitcoin purchased at an average price of around $82,687. The CEO, Eric Semler, has been open about the increasing relevance of Bitcoin in corporate financial structures, expressing this viewpoint as early as December.

In the coming times, it’s likely that it will be seen as a lack of foresight for public corporations not to hold Bitcoin in their financial assets.

On January 14, Bitcoin’s 24-hour trading volume significantly increased by 140%, amounting to $71.39 billion. This significant rise indicates growing investor confidence, with institutional buyers appearing to take advantage of price drops.

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2025-01-14 13:12