Remixpoint Inc., a Japanese energy consulting company, has made a surprising move into the crypto sector. The company increased its crypto holdings by over 8,000% in nine months. By the end of 2024, it had spent nearly 9 billion yen, equivalent to $58 million, out of its 10 billion yen investment plan, about $65 million. Bitcoin as Protection Against the Weak Yen Remixpoint started buying Bitcoin (BTC) to protect against the falling value of the Japanese yen. With rising inflation and economic worries growing, Bitcoin seemed a good option. The company also invested in Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE). By December 31, Remixpoint held 5.8 billion yen, which amounted to $38 million in digital currencies. This is a big jump from the 68 million yen it had on March 31. The company made a profit of 1.35 billion yen in the third quarter. This includes 658 million yen in unrealized gains from its crypto asset holdings. In November 2024, Remixpoint started including changes in its crypto value as part of its income. The Tokyo-based company, once focused on energy, also offers cryptocurrency services. Notably, this follows a trend set by Metaplanet, another Japanese firm that saw its stock price soar after investing in Bitcoin in April 2023. Trump’s Win and the Crypto Boom Remixpoint increased its crypto buying after President Donald Trump won the 2024 U.S. presidential election. His victory was seen as good news for the crypto industry, with hopes of friendlier rules. This sentiment helped crypto prices rise, and Remixpoint quickly grew its Bitcoin holdings to 125.2 BTC. The company’s stock also soared by over 360%. Reportedly, most U.S. financial advisers also showed more interest in crypto investments. This comes after Donald Trump won the presidential election. His policies could support the crypto market. However, Remixpoint’s stock growth was cut short by market volatility. Its stock fell 15%, while Japan’s Nikkei 225 index only dropped 0.79%. This shows the market can be unpredictable. What’s Next for Remixpoint? Remixpoint’s strategy has brought big gains, but it also carries risks. Cryptocurrency prices are known for big ups and downs, meaning the company’s success depends on a very uncertain market. For now, its Bitcoin bet is yielding profit, making Remixpoint one of Japan’s most crypto-friendly companies. However, it is uncertain if this strategy will continue to succeed or if the market will turn against it. With its nearly reached 10 billion yen investment goal, all eyes are on Remixpoint to see what it does next. The post Remixpoint Sees 8,000% Jump In Crypto Holdings in 9 Months appeared first on TheCoinrise.com .