Japanese Corporate Bitcoin Strategies Vary, Korean Exchanges and More

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.

Japanese corporations diverge on Bitcoin, with Remixpoint accumulating massive treasury holdings while Value Creation exits completely. Korean exchanges report mixed quarterly results amid market volatility. Hong Kong regulators warn against stablecoin speculation following sharp price movements.

Japanese Corporate Bitcoin Strategies Diverge

In Q1 results, Remixpoint reported massive gains from its Bitcoin treasury strategy. The company holds 1,168 BTC worth ¥20.7B with ¥4.3B in unrealized gains. Revenue jumped 50.8% to ¥6.5B, while operating profit surged 3,137% to ¥1.7B annually.

Remixpoint’s diversified crypto portfolio includes Ethereum, Solana, XRP and Dogecoin worth ¥22.4B total. The firm targets becoming Japan’s top Bitcoin treasury company through aggressive acquisition strategies. Meanwhile, Value Creation Co. took the opposite approach by completely exiting cryptocurrency.

Value Creation sold its entire 30.38 BTC position, generating ¥52M in non-operating profit. The TSE Growth-listed company reduced its cryptocurrency holdings to zero after recent purchases. These contrasting approaches highlight different corporate cryptocurrency philosophies in Japan’s evolving digital asset landscape.

Korean Exchange Results Show Mixed Performance

Upbit operator Dunamu reported Q2 revenue growth of 11.2% to ₩285.7B despite operating profit declining 3.9%. The company attributed weaker investor sentiment to reduced profitability while maintaining solid half-year results. Market recovery signs and global regulatory discussions like the US GENIUS Act supported performance.

Bithumb expanded market share to 27.3% with Q2 revenue jumping 28.4% to ₩134.4B year-over-year. However, operating profit fell 34.7% due to aggressive marketing costs and crypto asset valuation losses. The exchange credited new user acquisition and service improvements for driving growth momentum.

Coinone founder Cha Myung-hoon steps down as co-CEO after 11 years of leadership, a local media Digital Asset reports. Lee Seong-hyun will be the sole CEO, while Cha will remain the largest shareholder and chairman. The leadership transition reflects the competitive market situation in Korea.

Hong Kong Regulators Issue Stablecoin Market Warning

Hong Kong’s financial watchdogs cautioned investors against speculation-driven trading in stablecoin-linked assets. In a joint statement, the Hong Kong Monetary Authority and Securities and Futures Commission said they observed sharp price swings. Companies saw volatile share movements following unverified licensing claims and social media speculation.

Hong Kong launched its stablecoin licensing framework this year as digital asset regulation expands. The HKMA applies rigorous approval standards, and only a few licenses are expected initially. Few firms have engaged regulators, but early discussions don’t guarantee licensing success.

Regulators warned investors to avoid hype-based decisions and conduct proper research before trading. The SFC’s surveillance team monitors potential market manipulation using advanced detection systems. Officials stressed that misleading statements could face strict enforcement action.