Remixpoint, a Tokyo-based energy firm, raised $31.5 billion (roughly $215 million), according to an announcement made on Wednesday.
Remixpoint is directing all newly raised funds to Bitcoin.BTCThe company acquired by a third party said In an X-post. Remixpoint’s 25th and fourth series of unsecured bonds raised funds. according CoinPost, a local newspaper.
Stock acquisition rights creates 55 million shares. That’s a 39.9% dilution. This issuance takes place at the market price and without discount.
In the post, the company also stated that it aims to have its reserves reach 3,000 BTC within the next few months. Remixpoint currently has the 30th-largest corporate Bitcoin treasure with 1,051 BTC. This is worth $113.8 millions. according to BitcoinTreasuries.NET data.
Remixpoint CEO Takashi announced on Tuesday. Tashiro will be paid in Bitcoin As part of the stated effort to be “in the same boat” Shareholders. The company was a Tokyo-listed fintech and energy firm, but it has shifted its focus to Bitcoin.
“We have become even more convinced of Bitcoin’s future, and this decision is the result of extensive discussions,” On Tuesday, the company stated that it was announcing its plans.
Related: Few Bitcoin treasury companies will survive ‘death spiral’: VC Report
The board of the company unanimously approved this investment strategy. They cited the opportunity to increase corporate value through a perspective on risk and return, whilst preserving flexibility in the future:
“We understand the difference between seizing opportunities and playing it safe, as well as the distinction between a challenge and recklessness.”
Related: New Bitcoin treasuries may crack under price pressure
Bitcoin Treasury is becoming crowded
As corporate Bitcoin treasuries continue to increase, this is likely due to the market’s dynamics and early adopters’ success. Strategy is the world’s very first Bitcoin Treasury company. was expected to report more than $13 billion Bitcoins in the second quarter 2025. reported $14 billion Unrealized Gains on Monday
Metaplanet Japan is the top Bitcoin corporate treasury firm. acquired another 2,204 Bitcoin For $237 millions on Monday. The CEO of the company also said that the company is exploring the acquisition of a digital bank Expanding its business further.
Also on Tuesday, two European companies — France’s The Blockchain Group and the United Kingdom’s Smarter Web Company — expanded their Bitcoin holdings By 116 BTC for each and by 226.42 BTC respectively. Not everyone believes that the bet will win despite all of the activity.
James Check, Glassnode’s chief analyst, said last week: Bitcoin treasury strategy may not have the longevity Many expect. According to him the potential upside of new businesses entering the market may be already behind them and has highlighted lower investor demand. “Nobody wants the 50th Treasury company,” “He said”
Magazine: Bitcoin ‘bull pennant’ eyes $165K, Pomp scoops up $386M BTC: Hodler’s Digest, June 22 – 28
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Source: cointelegraph.com
