Remixpoint to Purchase $10.4 Million in Cryptocurrency: A Diversified Investment Across Four Major Assets

Remixpoint has revealed a bold investment strategy involving the purchase of $10.4 million in various cryptocurrencies, including Bitcoin, Ethereum, Solana, and Avalanche.

This move is aimed at reducing the company’s exposure to the Japanese yen amid evolving market conditions and a potentially weakening yen.

With a clear structure for investment management and risk monitoring, Remixpoint is set to make these acquisitions by year-end, highlighting its confidence in the long-term potential of digital assets.

Investment in BTC, ETH, SOL, and AVAX

On September 26, 2024, Remixpoint announced plans to purchase a total of $10.4 million worth of cryptocurrency as part of its cash management strategy.

This decision is based on improving market conditions for cryptocurrencies and the potential for a weaker yen, leading the company to reduce its exposure to Japanese yen by building positions in digital assets.

Specifically, Remixpoint will invest surplus funds in multiple cryptocurrencies, including Bitcoin (BTC). The company provided the following details on its investment strategy.

Roles of Investment Management and Monitoring Departments

• Selection of investment management and monitoring departments with clear role definitions.
• The investment management department will purchase digital assets within the scope approved by the board of directors.
• Leverage trading will not be utilized.
• Depending on market conditions, the company may postpone cryptocurrency purchases.
• An independent monitoring department will handle risk management, including tracking investment performance, and will provide regular reports to the board of directors.

Valuation and Trading Methods for Financial Statements

The balance of each cryptocurrency held by Remixpoint will be assessed quarterly based on fair market value, with any gains or losses reflected in the company's profit and loss statement.

As for trading methods, Remixpoint plans to open accounts with major cryptocurrency exchanges, conducting transactions through these accounts.

Investment Strategy and Assets to be Purchased

Remixpoint has set a total investment amount of $10.4 million, which will be allocated across the following four cryptocurrencies.

Purchases will be made in installments, with the goal of completing them by the end of the year, depending on market conditions.

Planned Purchases and Investment Allocation