Remixpoint shifts from web3.0 to battery storage and energy investment
Remixpoint, Inc. disclosed a partial change in the use of funds raised from its 24th series of stock acquisition rights. Initially, of the 5,602 million yen planned, 4,402 million yen was for Bitcoin investment and 1,200 million yen for Web3.0-related businesses. While the Bitcoin investment was completed with 4,706 million yen, the Web3.0 funds remained unused due to difficulties in securing ideal investment opportunities.
The company now plans to reallocate the unspent Web3.0 funds. The new plan allocates 1,270 million yen towards investment in the storage batteries and energy business, with expenditure scheduled from December 2025 to December 2026. This adjustment brings the total funds raised to 5,976 million yen.
This strategic pivot is driven by the rapidly expanding market for grid-scale battery storage and renewable energy, fueled by Japan's green transformation policies. Remixpoint believes increased investment in these areas, including capital investment and strategic partnerships, will accelerate growth in its Electricity Storage Solution and Energy Businesses, thereby enhancing corporate value.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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