Japanese firm Remixpoint raises $215M to expand Bitcoin treasury holdings

Tokyo-based vigor institution Remixpoint raised 31.5 cardinal yen (around $215 million) to grow its Bitcoin treasury, according to a Wednesday announcement.

Remixpoint volition allocate the recently raised funds wholly to Bitcoin (BTC) acquisition, the institution said successful an X post. The funds were raised done Remixpoint’s 25th bid of banal acquisition rights and 4th bid of unsecured bonds, according to section media outlet CoinPost.

This bid of banal acquisition rights volition make 55 cardinal caller shares, representing a 39.9% dilution. The issuance is made without immoderate discount and is conducted astatine marketplace price.

The station besides states that the steadfast aims for its reserve to scope 3,000 BTC successful the adjacent term. Remixpoint is presently the 30th largest firm Bitcoin treasury with a equilibrium of 1,051 BTC, worthy much than $113.8 million, according to BitcoinTreasuries.NET data.

The quality follows a Tuesday announcement that Remixpoint CEO Takashi Tashiro volition beryllium paid successful Bitcoin arsenic portion of stated efforts to beryllium “in the aforesaid boat” arsenic shareholders. The institution is simply a Tokyo-listed vigor and fintech steadfast that pivoted to accumulating Bitcoin.

“We person go adjacent much convinced of Bitcoin’s future, and this determination is the effect of extended discussions,” the institution said connected Tuesday.

Source: Remixpoint

Related: Few Bitcoin treasury companies volition past ‘death spiral’: VC Report

The company’s committee unanimously approved the concern strategy, citing the imaginable to heighten firm worth from a risk-return position portion preserving aboriginal flexibility:

“We recognize the quality betwixt seizing opportunities and playing it safe, arsenic good arsenic the favoritism betwixt a situation and recklessness.“

Related: New Bitcoin treasuries whitethorn ace nether terms pressure

The Bitcoin treasury abstraction is getting crowded

The fig of firm Bitcoin treasuries continues to grow, apt driven by the occurrence of aboriginal adopters and marketplace dynamics. The world’s archetypal Bitcoin treasury company, Strategy, was expected to study much than $13 billion in unrealized gains connected its Bitcoin holdings for the 2nd 4th of 2025, but reported $14 billion successful unrealized gains connected Monday.

Metaplanet, Japan’s apical firm Bitcoin treasury company, acquired different 2,204 Bitcoin for $237 cardinal connected Monday. On Tuesday, the firm’s CEO besides stated that the institution is exploring the acquisition of a integer bank to grow its operations further.

Also connected Tuesday, 2 European companies — France’s The Blockchain Group and the United Kingdom’s Smarter Web Company — expanded their Bitcoin holdings by 116 BTC and 226.42 BTC, respectively. Despite the flurry of activity, not everyone is convinced that this is simply a winning bet.

Glassnode pb expert James Check suggested past week that the Bitcoin treasury strategy whitethorn not person the longevity many expect. According to him, the casual upside whitethorn already beryllium down caller companies entering the abstraction and highlighted little capitalist interest. “Nobody wants the 50th Treasury company,” helium said.

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