Remixpoint Buys Additional Bitcoin Worth 250 Million Yen

MT Newswires Live04-24 17:57

Remixpoint (TYO:3825) is buying an additional 250 million yen worth of Bitcoin, advancing its plan to acquire a total of 500 million yen in cryptoassets, according to a Friday filing on the Tokyo Stock Exchange.

The company purchased about 19.96 BTC at an average price of 12.5 million yen per Bitcoin on April 23, following an earlier acquisition of 250 million yen.

Remixpoint's Bitcoin holdings total about 1,451.29 BTC, with a book value of 14.9 billion yen and a market value of 18.09 billion yen as of April 23, translating into unrealized gains of about 3.20 billion yen.

Including Ethereum, Solana, Ripple, and Dogecoin, the company's total crypto portfolio has a book value of 15.7 billion yen and a market value of 18.9 billion yen, resulting in valuation gains of about 3.28 billion yen.

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