The CEO, who was just appointed in June, is also listed among the management of Japan-based crypto exchange BITPoint. Takashi Tashiro, the new CEO of Tokyo-based energy company Remixpoint, will be paid in Bitcoin as part of stated efforts to be “in the same boat” as shareholders, the company said in a statement on Tuesday. Remixpoint said it will calculate Tashiro's salary and taxes, purchase the equivalent amount in Bitcoin (BTC) and transfer it to a wallet the CEO designates. The move is as part of a “shareholder-oriented management,” the company said. “The remuneration in this case will be paid in Japanese yen in format based on the appropriate organization of the Company Act and taxation,” a translated version of the statement reads. ”On top of that, we plan to acquire Bitcoin (BTC) equivalent to the same amount at the market price with Japanese yen, which is equivalent to the full amount of the payment, and deliver it to the crypto asset wallet designated by the President and CEO.” Read more
CoreWeave agreed to purchase Core Scientific in an all-stock deal valued at $9 billion. Shares of CoreWeave (CRWV) opened lower on Tuesday as analysts questioned whether the company’s recent acquisition of Core Scientific (CORZ) would contribute meaningfully to its bottom line. CRWV stock was down 3.6% after the opening bell, hitting a low of $153.97. Despite the decline, the crypto miner turned AI infrastructure company holds a market capitalization of $75 billion after posting a 288% gain since its initial public offering in March. Selling pressure mounted after D.A. Davidson’s Gil Luria raised doubts about CoreWeave’s $9 billion all-share deal to acquire Core Scientific, announced Monday. Read more
Bitcoin's long-term investors now hold 80% of all BTC in circulation, which could trigger the next leg higher into price discovery, if history repeats. Key takeaways: 80% of all Bitcoin is now being hodl’d, a historical signal for upcoming rallies. A break above the $110,000 resistance could lead to increased volatility, with some traders anticipating a rise to $130,000. Read more