Japan’s DAT sector just lost a major player as Remixpoint announces its pivot to EVs
The post Japan’s DAT sector just lost a major player as Remixpoint announces its pivot to EVs appeared on BitcoinEthereumNews.com.
Remixpoint has just announced a major change in how it plans to use funds from a recent share issuance. Rather than funnel funds into Web3 investments, it will refocus on EVs, it has said, triggering speculation on what will happen to its BTC holdings. Remixpoint has decided to reallocate ¥1.2 billion from a recent share issuance that was originally earmarked for Web3/crypto investments to its core “battery and energy businesses,” a decision that reportedly stems from a “challenging environment” and the scarcity of short-term, high-growth Web3 projects that balance returns and risks. Rather than use those funds to buy more BTC for its treasury, they will now go towards enhancing EV-related operations, like charging stations and energy optimization, an aspect of business that is core to Remixpoint’s DNA and Japan’s 2035 phase out of gas cars. Remixpoint pivots to focus on EVs The announcement has triggered speculation on what will happen to the company’s stash of BTC. But for now, there has been no talk of sales, and the company’s existing holdings are expected to remain untouched as they plan to “HODL” long-term. Remixpoint reportedly started building its BTC treasury in 2024 as a way to hedge against the national currency, similar to Metaplanet. By November of that year, it had accumulated up to 216 BTC. The value of its holdings has since increased significantly, crossing the 1,300 mark around September this year. This is why it shocked many when, on October 23, Remixpoint announced that its board of directors had resolved to suspend equity financing (fundraising involving the issuance of new shares) for the purpose of acquiring crypto assets. As a result of this decision, the company said it would not issue shares, including stock acquisition rights, when acquiring additional cryptocurrencies such as Bitcoin in the future, but will…
Filed under: News - @ December 1, 2025 9:20 pm