Japan-listed Remixpoint raises funds for Bitcoin purchase... Scale reaches $200 million

Source
Son Min

Summary

  • Remixpoint announced it had raised ¥31.5 billion ($214.75 million) through a capital increase.
  • They stated that all of the raised funds will be used solely for purchasing Bitcoin.
  • It was reported that the company has set a future target to hold 3,000 Bitcoins.

Japanese publicly listed power company Remixpoint has reportedly raised ¥31.5 billion ($214.75 million) to stockpile Bitcoin (BTC).

On the 9th (local time), Remixpoint stated in a press release, "We have raised additional funds amounting to approximately ¥31.5 billion through a capital increase," adding, "The entirety of the raised funds will be used for Bitcoin acquisition."

The company further stated, "We have set our future Bitcoin holding target at 3,000," and "The board members have concluded that this decision will undoubtedly lead to an increase in corporate value."

Currently, Remixpoint holds 1,051 BTC.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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