Remixpoint’s Crypto Holdings Soar 8,000% Amid Regulatory Optimism Following Trump’s Election
Remixpoint (3825), a Japanese energy consultancy firm, has seen its cryptocurrency reserves skyrocket by more than 8,000% over a nine-month period, fueled by a boost in investor sentiment following Donald Trump’s presidential election win and the resulting favorable outlook for crypto regulation.
The Tokyo-based company reported holding 5.8 billion yen ($38 million) worth of crypto assets by the end of December 2024, a massive increase from 68 million yen in March of the same year. By Thursday, Remixpoint had spent around 9 billion yen ($58 million) on cryptocurrency, edging closer to its goal of accumulating 10 billion yen ($65 million) in digital assets. However, the firm has yet to disclose the current market value of its holdings.
Originally focused on energy consultancy, Remixpoint diversified into cryptocurrency investment as a hedge against the weakening Japanese yen. This strategy mirrors that of Metaplanet, a Japanese investment firm that experienced a stock price surge after announcing its Bitcoin investment initiative in April 2024.
Bitcoin made up the bulk of Remixpoint’s crypto investments, although the company also expanded its portfolio to include Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE).
For the fiscal third quarter, Remixpoint reported a profit of 1.35 billion yen, with an unrealized gain of 658 million yen on its cryptocurrency holdings. Since November 2024, the company began recognizing cryptocurrency valuation changes in its revenue, marking a significant shift in its financial reporting.
The firm has accelerated its crypto accumulation since Trump’s election, capitalizing on the renewed optimism surrounding the digital asset market. This has contributed to a 360% rise in the company’s shares. Remixpoint has also significantly increased its Bitcoin holdings, with its stash rising to 125.2 BTC.
Despite the favorable developments, Remixpoint saw a 15% drop in its stock price on Friday, in contrast to the broader Nikkei 225 index’s smaller decline of 0.79%.
