Today in crypto, a Japanese CEO will take his salary in Bitcoin to align with shareholders as the firm adopts a BTC treasury strategy. Metaplanet plans to use its Bitcoin reserves to buy cash-generating businesses, while Coinbase’s lobbying arm is pushing lawmakers to fast-track the CLARITY Act, which would give the Commodity Futures Trading Commission crypto oversight.
Japanese company moves to align CEO with Bitcoin strategy, full salary goes to BTC
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.”
Tashiro took over as CEO in June, saying that Remixpoint would place BTC “at the core of [its] financial strategy” as part of a shift to make the company focused on treasury management.
Metaplanet eyes digital bank acquisition in phase 2 of Bitcoin strategy
Japanese firm Metaplanet plans to eventually use its Bitcoin reserves to acquire cash-generating businesses, possibly including a digital bank in Japan.
In a recent interview with the Financial Times, CEO Simon Gerovich said the company is racing to accumulate as much Bitcoin (BTC) as possible before turning its holdings into leverage for expansion.
“We think of it as a Bitcoin gold rush,” Gerovich said. “We need to accumulate as much Bitcoin as we can… to get to a point where we’ve reached escape velocity and it just makes it very difficult for others to catch up.”
The Tokyo-listed firm, originally a hotel operator, started accumulating Bitcoin as a hedge against inflation in 2024. It currently holds 15,555 BTC and aims to boost that figure to over 210,000 by 2027, 1% of all Bitcoin that will ever exist.
Phase two of Metaplanet’s plan involves using Bitcoin as collateral to access financing, similar to securities or government bonds. “We’ll get cash that we can use to buy profitable businesses,” Gerovich said.
Gerovich said Metaplanet’s future acquisitions would ideally align with its strategy, so “maybe it is acquiring a digital bank in Japan and providing digital banking services that are superior to the services that retail now is getting.”
Coinbase crypto lobby urges Congress to back major crypto bill
Coinbase’s lobbying arm, along with 65 crypto firms, has urged US House lawmakers to pass a major bill when they meet next week that would lay out how the crypto industry is regulated.
In a letter sent on Monday, Stand With Crypto and 65 crypto advocacy groups and firms asked House lawmakers to back the Digital Asset Market Clarity Act — better known as the CLARITY Act.
“We know that there have been efforts to politicize crypto legislation, but with crypto drastically reshaping the global economy the U.S. risks falling behind unless we adopt pro-crypto policies that fully embrace blockchain technology,” it said.
The CLARITY Act specifies the roles of the Commodity Futures Trading Commission and the Securities and Exchange Commission in policing crypto. It gives most of the jurisdiction over crypto to the CFTC, but the SEC would regulate products such as crypto-related securities.
