Tokyo-based energy business Remixpoint raised 31.5 billion yen (around $215 million) to broaden its Bitcoin treasury, according to a Wednesday statement.
Remixpoint will assign the recently raised funds completely to Bitcoin (BTC) acquisition, the business stated in an X post. The funds were raised through Remixpoint’s 25th series of stock acquisition rights and 4th series of unsecured bonds, according to regional media outlet CoinPost.
This series of stock acquisition rights will produce 55 million brand-new shares, representing a 39.9% dilution. The issuance is made with no discount rate and is performed at market value.
The post likewise mentions that the company goes for its reserve to reach 3,000 BTC in the near term. Remixpoint is presently the 30th biggest business Bitcoin treasury with a balance of 1,051 BTC, worth more than $113.8 million, according to BitcoinTreasuries.NET information.
The news follows a Tuesday statement that Remixpoint CEO Takashi Tashiro will be paid in Bitcoin as part of specified efforts to be “in the exact same boat” as investors. The business is a Tokyo-listed energy and fintech company that rotated to building up Bitcoin.
” We have actually ended up being a lot more persuaded of Bitcoin’s future, and this choice is the outcome of comprehensive conversations,” the business stated on Tuesday.
Related: Couple of Bitcoin treasury business will endure ‘death spiral’: VC Report
The business’s board all authorized the financial investment technique, pointing out the prospective to boost business worth from a risk-return point of view while protecting future versatility:
” We comprehend the distinction in between taking chances and playing it safe, in addition to the difference in between an obstacle and recklessness.”
Related: New Bitcoin treasuries might break under rate pressure
The Bitcoin treasury area is getting crowded
The variety of business Bitcoin treasuries continues to grow, most likely driven by the success of early adopters and market characteristics. The world’s very first Bitcoin treasury business, Method, was anticipated to report more than $13 billion in latent gains on its Bitcoin holdings for the 2nd quarter of 2025, however reported $14 billion in latent gains on Monday.
Metaplanet, Japan’s leading business Bitcoin treasury business, got another 2,204 Bitcoin for $237 million on Monday. On Tuesday, the company’s CEO likewise specified that the business is checking out the acquisition of a digital bank to broaden its operations even more.
Likewise on Tuesday, 2 European business– France’s The Blockchain Group and the UK’s Smarter Web Business– broadened their Bitcoin holdings by 116 BTC and 226.42 BTC, respectively. In spite of the flurry of activity, not everybody is encouraged that this is a winning bet.
Glassnode lead expert James Inspect recommended recently that the Bitcoin treasury technique might not have the durability numerous anticipate. According to him, the simple advantage might currently lag brand-new business going into the area and highlighted lower financier interest. “No one desires the 50th Treasury business,” he stated.
Publication: Bitcoin ‘bull pennant’ eyes $165K, Pomp scoops up $386M BTC: Hodler’s Digest, June 22– 28