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.
Even before Tashiro’s appointment as CEO, Remixpoint had been acquiring BTC and other cryptocurrencies as part of a reported strategy toward a treasury of digital assets. As of June 13, the company reported holding more than 1,051 BTC, 901 Ether (ETH), 13,920 Solana (SOL), 1,191,204 XRP, and 2,802,311 Dogecoin (DOGE), representing a combined market value of more than $116 million.
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In addition to his new role at Remixpoint, Tashiro is listed under the management of BITPoint, a Japan-based crypto exchange and an affiliate of the SBI Group. The exchange has heavily promoted US President Donald Trump’s memecoin Official Trump (TRUMP).
Other CEOs, policymakers have accepted crypto salaries
Whether part of a strategy to further adoption at the company or to try and boost the price of specific cryptocurrencies, Remixpoint was not the first to announce its leadership’s salary would be paid in Bitcoin.
In 2021, UK-based cryptocurrency mining company Argo Blockchain said its then-CEO, Peter Wall, would receive a BTC salary. Wall pointed to the example set by NFL player Russell Okung, who said in 2020 he would be converting a portion of his salary into crypto.
In the 2021 New York City mayoral election, then-Democratic candidate Eric Adams said he would accept his first three paychecks in Bitcoin. Running as an independent for reelection in 2025, Adams has repeatedly gloated to members of the media and New Yorkers about his Bitcoin holdings, suggesting no regrets with the decision. The price of the cryptocurrency has more than doubled since 2021.
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