Remixpoint has joined the list of institutional investors with a Bitcoin and Ethereum portfolio, like Metaplanet and MicroStrategy
Remixpoint Inc, a Japanese-listed company, has boldly moved into the world of Bitcoin (BTC) and crypto. The company chose a strategic entry by opting for a diversified portfolio of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX). According to the report, the company has invested an initial ¥750 million as part of its planned ¥1.5 billion ($10.55 million) for cryptocurrency purchase.
Remixpoint Hedging Against Inflation With Bitcoin
Remixpoint acquired 64.4 BTC, valued at about ¥600 million, and 130.1 ETH, worth ¥50 million. It also invested ¥50 million apiece in purchasing 2,260.5 SOL and 12,269.8 AVAX.
The moves suggest that the Remixpoint diversification strategy minimizes the company’s risk exposure. Notably, spreading investment across several digital currencies can help mitigate loss from relying on a single currency or investment in the volatile crypto space.
A major push factor into cryptocurrencies for Remixpoint lies in the Japanese Yen’s depreciation battle due to several economic factors. The company now hopes to hedge its funds against inflation, low interest rates, and global financial market pressures, which will help protect its assets from further devaluation.
Additionally, investing in these crypto assets might help improve Remixpoint’s overall cash management strategy. With the current bullish sentiment for some assets like Bitcoin, a further climb in the price of BTC will immediately accrue profit to the company and increase its liquid assets.
Will Remixpoint Emulate Metaplanet?
Remixpoint appears to be following in the footsteps of another Japanese firm, Metaplanet, dubbed the “Japanese MicroStrategy.” Metaplanet has consistently accumulated Bitcoin in the past few months as if following MicroStrategy’s playbook.
The twist for Remixpoint lies in diversifying its portfolio into four different digital currencies. As of the time of writing, BTC traded for $65,624.48, ETH for $2,653.99, SOL for $156.83, and AVAX for $28.55.
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