Japanese firm Remixpoint raises $215M to expand Bitcoin treasury holdings

Tokyo-listed energy and fintech firm Remixpoint has raised 31.5 billion Japanese yen ($215 million) to expand its Bitcoin treasury, aiming to accumulate 3,000 BTC.

Tokyo-based energy company Remixpoint raised 31.5 billion yen (around $215 million) to expand its Bitcoin treasury, according to a Wednesday announcement.

Remixpoint will allocate the newly raised funds entirely to Bitcoin (BTC) acquisition, the company said in an X post. The funds were raised through Remixpoint’s 25th series of stock acquisition rights and fourth series of unsecured bonds, according to local media outlet CoinPost.

This series of stock acquisition rights will create 55 million new shares, representing a 39.9% dilution. The issuance is made without any discount and is conducted at market price.

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