While many institutional firms invest in Bitcoin (BTC) and altcoins, Remixpoint, a major Japanese company, has increased its crypto assets by 8,000%, generating $4.4 million in unrealized gains.
Remixpoint, a Japanese energy consultancy, reported its third-quarter earnings and stated it has invested 9 billion yen ($59 million), increasing its cryptocurrency reserves by over 8,000% in nine months, according to CoinDesk.
Remixpoint primarily focuses on energy consulting; however, it also invests in Bitcoin as a hedge against the depreciation of the Japanese fiat currency Yen and provides support for BTC trading.
The majority of Remixpoint's investments are in Bitcoin, but it also holds Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE).
The company's Bitcoin and altcoin investments appear to have accelerated after Donald Trump's election victory, aligning with a more positive regulatory outlook.
This is not investment advice.