• Remixpoint has invested 750 million yen in cryptocurrencies, including BTC, ETH, SOL, and AVAX.
  • This investment is part of the firm 1.5 billion yen plan to improve and lower inflation.
  • The firm plans to meet these purchases by the year based on market conditions.

Tokyo Stock Exchange listed Remixpoint Inc. announced it has invested 750 million yen in digital assets, including Bitcoin and Solana. The company released the details of this purchase on September 27th as part of its yen crypto investment plan.

Remixpoint Invests 1.5 Billion Yen in Crypto Assets

Remixpoint’s announcement indicates that its digital currency purchases total 64.4 BTC valued at 600 million yen and 130.1 ETH worth 50 million yen, along with 2 260.5 SOL at 50 million yen and 12 269.9 AVAX which is priced at 50 million yen as noted by Wu Blockchain.

Japanese listed company Remixpoint has purchased BTC, ETH, SOL, and AVAX to achieve diversified investment, reduce the risk of yen depreciation, and optimize cash management strategies. The company announced a plan to purchase virtual currencies totaling 1.5 billion yen (about…

— Wu Blockchain (@WuBlockchain) September 29, 2024

By diversifying its assets into virtual currencies, the company aims to improve its financial strategy for managing its cash. The goal of this action is to reduce the risk of the Japanese yen due to worries about future depreciation.

This investment marks part of the broader 1.5 billion yen cryptocurrency purchase announced by Remixpoint on September 26th. The judgment was made during a board of directors meeting as part of a cash management plan. The company aims to complete the purchase in stages, based on market conditions, with the goal of finalizing the investments by the end of the year.

Read CRYPTONEWSLAND on google news

Remixpoint Boosts Crypto Holdings Amid Risk Controls

In addition to its cryptocurrency purchases , Remixpoint has implemented comprehensive risk management policies. These include establishing a dedicated investment management department, quarterly mark-to-market valuations, and conducting transactions exclusively through major cryptocurrency exchanges. This approach aims to limit risks and ensure effective asset management.

The investment occurs at a moment when trading virtual currencies is growing easier. The U.S. developments have sparked the trading of BTC spot ETFs on exchanges in Hong Kong and Australia. Cryptocurrencies have been added to the company’s portfolio to strengthen its currency assets against yen devaluation.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.