Key takeaways
- Remixpoint becomes first listed firm in Japan to pay CEO fully in Bitcoin.
- Company raises ¥31.5B to build a 3,000 BTC corporate treasury.
- Move follows investor push for tighter management-shareholder alignment.
- Board approved plan after heated debate, citing long-term value strategy.
Remixpoint Inc, a Tokyo-based technology and energy firm, said on Tuesday it will pay its President and CEO entirely in Bitcoin, becoming the first listed company in Japan to adopt full cryptocurrency-based executive compensation.
According to the official announcement, the payment will be made in Japanese yen under local legal and tax requirements. The equivalent amount of Bitcoin will then be purchased at market price and transferred to the executive’s designated crypto wallet.
Remixpoint said the move comes in response to investor calls for closer alignment between management and shareholders, and aims to establish a model of “shareholder-oriented management” using a digital asset whose value tends to track the company’s share price.
The company also cited regulatory constraints that limit executives from acquiring shares due to insider trading rules.
“Through Bitcoin, management can share economic value with shareholders by sharing economic fate with shareholders,” Remixpoint said. The company added that it will continue to explore new financial and treasury strategies centered on crypto assets.
Bitcoin salaries come as part of broader push to build BTC reserves
Following its announcement to pay its President and CEO entirely in Bitcoin, Remixpoint said in a post on X that it had raised approximately ¥31.5 billion ($195 million) through financing, with the proceeds to be used entirely for Bitcoin acquisitions.
The company said it aims to build up to 3,000 BTC in holdings in the near term.
According to the post, following heated discussions within the company, Remixpoint’s board unanimously concluded that the decision “will contribute to enhancing corporate value from a risk–return perspective, while also keeping future options open.” The company added: “We understand the difference between a challenge and recklessness.”
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