This initiative is part of Remixpoint's revised cash management strategy, aimed at diversifying investments and managing cash flow amid concerns over the depreciation of the Japanese Yen.

The company plans to prioritize BTC purchases while also diversifying its portfolio with ETH and other altcoins, with nearly $8.4 million earmarked for Bitcoin.

Following the announcement of its crypto acquisitions, Remixpoint's share price rose to JPY 178, marking the highest level since August.

Remixpoint is not new to the crypto industry; it previously launched the BitPoint exchange, which suffered a significant hack in 2019.

The company plans to make an additional $5.25 million worth of cryptocurrency purchases by the end of the year, contingent on market conditions.

The board of directors confirmed the decision to invest during a meeting on September 26, outlining a new cash management strategy that includes a total allocation of $10.5 million (1.5 billion Yen) for digital currencies.

Remixpoint's strategy reflects a growing trend among Japanese companies to invest in cryptocurrencies as a hedge against currency fluctuation risks.

Other Japanese firms, such as Metaplanet, are also investing in cryptocurrencies to protect against economic instability caused by the Yen's depreciation.

The specific purchases included 64.4 Bitcoin for $4.2 million, 130.1 Ethereum, 2,260.5 Solana, and 12,269.9 Avalanche, each costing around $351,700.

Remixpoint, a publicly listed company in Japan, has announced a significant investment in cryptocurrencies, purchasing approximately $5.25 million in Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Solana (SOL).

The Japanese Yen has weakened significantly this year, falling more than any other G10 currency, which has prompted companies like Remixpoint to seek alternative investments.

Purchases will occur in installments based on market conditions, with the goal of completing the total investment by the end of the year.