Remixpoint Stock (3825): Price, Board Talking Points and Outlook

Remixpoint (TSE: 3825) is a Tokyo Stock Exchange Standard-listed company whose core business is energy — retail electricity — and which is also known for a treasury strategy holding Bitcoin and several other crypto assets. It is one of Japan's earliest listed corporate crypto holders, and its boards debate dilution and the Bitcoin price. This page summarizes the board talking points as of July 2026, the business and Bitcoin position, and how to read the stock. Note that BITPoint, the crypto exchange Remixpoint once operated, was sold to SBI and is no longer run by the company.

▶ Browse the futures markets on WEEX ・ Yahoo Finance Japan board (3825)

Board and community talking points

The recurring themes observed as of July 2026:

• Warrant dilution and worsening supply-demand — the main battleground. The Shikiho (Toyo Keizai) headline "Remixpoint slumps sharply, warrant issuance stokes supply-demand and dilution fears" captures the recurring wariness about moving-strike warrant issuance.
• "Fake-out rallies" (騙し上げ). A recurring 2ch/5ch complaint reportedly holds that rallies trap buyers before reversing.
• A resigned "it's all up to Bitcoin" mood. A Yahoo Finance thread titled "It's up to Bitcoin now; be patient…" (No. 2714626, May 2025) reflects the view that both earnings and the share price ride the BTC price. The ticker is even reportedly used as slang for a burned trade. These are observed views, not our recommendation.

The business and its Bitcoin position

Under code 3825 (Standard market, retail sector), Remixpoint was founded in 2004 as a business-software developer and listed on the TSE Mothers market in 2006. Its core business is energy: retail electricity under the "Remix Denki" brand, entered in 2016, across multiple grids. For the year to March 2026 it reports four segments — digital asset management (the BTC treasury, formerly the financial-investment segment), energy, battery-storage solutions, and a fourth (medical/resilience, naming still fluid). It established the BITPoint exchange around 2016; after a July 2019 hack (about ¥3.02 billion stolen, all customers refunded and service resumed that December), it divested BITPoint to SBI in 2022–2023, so it no longer operates an exchange.

Its Bitcoin holding is about 1,491 BTC after a +20.295 BTC purchase (about ¥12.31 million per coin) disclosed around May 28–30, 2026. There has been no net new buying since late May 2026 (the June 17 and July 3 TDnet items were crypto-operations results, not purchases), and an earlier ~1,496 April figure was reportedly corrected to ~1,491. The trajectory ran ~64 BTC (September 2024) to ~680 (May 2025) to 1,381.84 (October 15, 2025) to ~1,491. It also holds ETH, SOL, XRP and DOGE, staking ETH and SOL and lending BTC for yield — earning 9.9575 BTC (about ¥108 million) plus about ¥27.85 million of staking between February and June 2026. It frames this as a yen/inflation hedge and long-term hold, explicitly not short-term trading. Financing used moving-strike warrants and bonds to EVO FUND (Cayman); the 24th and 25th warrants imply about 39.9% potential dilution.

A key shift: on October 23, 2025 the company pledged not to rely on dilutive financing ("we will not resort to fundraising that damages your interests"), halting dilutive issuance for crypto through the June 2026 AGM and funding further buys from cash. Earnings swing sharply with BTC marks: a net profit of about ¥6.62 billion for the year to March 2025 flipped to a net loss of about ¥4.74 billion for the year to March 2026 (a ¥5.893 billion crypto valuation loss; revenue ¥17.75 billion, −16%; FY2027 guidance withheld).

How to read the stock

The shares ran from about ¥140 (September 2024) to about ¥800 (February 2025, roughly 6x), then cooled to about ¥250 (December 2025), and traded around ¥188–204 in July 2026 (¥188 on July 3, ¥204 on July 10; market cap about ¥30.4 billion). A +8.5% move on July 6, 2026 was on energy news (entry into the balancing market), not crypto. Bulls point to long-term store-of-value plus a yen hedge, non-dilutive lending/staking yield, the October 2025 no-dilution pledge, a BTC-linked dividend, stable energy and battery segments, and a stock that sometimes trades near its crypto-plus-cash value. Bears cite habitual warrant dilution (~39.9%), a P&L now dominated by BTC marks, withheld FY2027 guidance, fake-out volatility and management instability. No mNAV is published; investors use PBR. This page sets no price target.

Trading Bitcoin on WEEX

Remixpoint's story is fundamentally exposure to Bitcoin and other crypto assets. To own the shares themselves, the standard route is a Japanese brokerage account. To access the underlying asset that drives the story — Bitcoin — you can trade it on WEEX, via futures (leverage, long or short) or on the spot market. See the how to buy Bitcoin guide and the WEEX market listings. WEEX offers Bitcoin and other crypto assets — not the Japanese equity or any proxy for it.

FAQ

Where can I see Remixpoint's message board?

On the Yahoo Finance Japan board (3825) and Minkabu (3825), where retail investors discuss the stock and price.

Does Remixpoint operate the BITPoint exchange?

No. BITPoint was sold to SBI in 2022–2023, and Remixpoint no longer operates it.

How much Bitcoin does it hold?

About 1,491 BTC as of late May 2026. It also holds ETH, SOL, XRP and DOGE, earning yield through lending and staking.

What moves the share price?

The Bitcoin price, financing and dilution news, the energy business, and a BTC-linked special dividend.

This article is for information only and is not investment advice; nothing here is a recommendation to buy or sell.

Related coverage

• Metaplanet (3350): price, board talking points and outlook
• S-Science (now S Crypto Energy, 5721): price, board talking points and outlook
• Strategy (MSTR): what it is, price, outlook and how to buy