Remixpoint Boosts Crypto Holdings by Over 8,000% Following Trump’s Election Victory
Remixpoint (3825), a Japanese energy consulting firm, has significantly ramped up its cryptocurrency holdings, increasing them by more than 8,000% over the past nine months, following a favorable outlook for cryptocurrency regulation after Donald Trump’s election victory.
As of December 31, Remixpoint’s crypto portfolio was valued at 5.8 billion yen ($38 million), a dramatic increase from just 68 million yen in March. By Thursday, the company had invested a total of 9 billion yen ($58 million) in digital assets. While Remixpoint has not disclosed the current market value of its holdings, the company is nearing its target of 10 billion yen ($65 million).
Though Remixpoint has traditionally focused on energy consulting, the firm ventured into cryptocurrency transaction services and investments, driven by the desire to hedge against the depreciation of the Japanese yen. This strategy mirrors that of Metaplanet, a Japanese investment firm whose Bitcoin program caused its stock to soar after its launch in April.
The majority of Remixpoint’s crypto investments are in Bitcoin (BTC), although it also holds Ether (ETH), Solana (SOL), XRP, and Dogecoin (DOGE).
In its fiscal third-quarter earnings report, the company revealed a profit of 1.35 billion yen, along with an unrealized gain of 658 million yen from its cryptocurrency holdings. Since November 2024, Remixpoint has begun recognizing the gains and losses from its crypto assets as part of its revenue.
The firm’s decision to accelerate its cryptocurrency acquisitions comes amid a surge in digital asset prices following Trump’s election win, which spurred a more favorable regulatory environment for the sector. Remixpoint’s stock has skyrocketed by over 360% since Trump’s victory, prompting the company to more than quadruple its Bitcoin holdings, which now total 125.2 BTC.
However, Remixpoint’s shares fell 15% on Friday, in contrast to a 0.79% dip in the broader Nikkei 225 index.
