The Japanese energy consulting company Remixpoint has just announced that it will pay the CEO and company chairman entirely in bitcoin, becoming the first listed company in Japan to do so.
The company stated that paying wages in bitcoin helps the leadership share economic risks and benefits with shareholders, creating consensus on investment value. Previously, shareholders had proposed that the leadership hold company shares, but this was limited due to insider trading regulations.
CEO Yoshihiko Takahashi shared: "The decision to receive my entire salary in bitcoin clearly shows that I am 'in the same boat' with shareholders. I am committed to enhancing the company's value and managing it in a way that benefits shareholders."
To prevent the risk of yen depreciation, Remixpoint began investing in cryptocurrencies last September. According to the official website, the company currently holds over 1,050 BTC, 900 ETH, 13,920 SOL, 1.2 million XRP, and 2.8 million DOGE.
Remixpoint's stock increased by 0.71% in Tuesday's trading session according to Yahoo Finance.
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The article Remixpoint Japan pays CEO in bitcoin to synchronize with shareholders first appeared on CoinMoi.
