Remixpoint remixes management — New ‘web 3’ focus
The energy and automotive solutions firm officially announced a pivot in management structure with the Bitcoin buy, shuffling executives and bringing in help from fellow Japanese mega-corporation SBI. Remixpoint will now be focusing more strongly on cryptocurrency and “web 3.0” development. Further, in an official announcement prior to the latest BTC acquisition, the company stated it aims to hold 1,000 Bitcoins in the future, similar to leading Japanese BTC-stacker Metaplanet, whose goal is to hold 210,000 BTC by 2027.
Bitcoin treasuries catching on
Just below Remixpoint on the publicly held Japanese BTC treasures is fashion retailer ANAP, which also just purchased more BTC on June 12, bringing the firm’s holdings to roughly 153 BTC. With the popularity of Metaplanet, and “bitcoin” now fully a recognizable word for even the most mainstream members of Japanese society, the archipelago is now seeing investors look to stocks associated with BTC as a way to get a leg up, and hedge for the future. As Cryptopolitan has recently reported, Japan currently faces economic woes in the form of rapid inflation, rice shortages, insufficient pensions, and overtourism.
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