Takashi Tashiro, the brand new CEO of Tokyo-based power firm Remixpoint, shall be paid in Bitcoin as a part of acknowledged efforts to be “in the identical boat” as shareholders, the corporate stated in a statement on Tuesday.
Remixpoint stated it would calculate Tashiro’s wage and taxes, buy the equal quantity in Bitcoin (BTC) and switch it to a pockets the CEO designates. The transfer is as a part of a “shareholder-oriented administration,” the corporate stated.
“The remuneration on this case shall be paid in Japanese yen in format primarily based on the suitable group of the Firm Act and taxation,” a translated model of the assertion reads.
”On prime of that, we plan to amass Bitcoin (BTC) equal to the identical quantity on the market worth with Japanese yen, which is equal to the total quantity of the fee, and ship it to the crypto asset pockets designated by the President and CEO.”
Tashiro took over as CEO in June, saying that Remixpoint would place BTC “on the core of [its] monetary technique” as a part of a shift to make the corporate targeted on treasury administration.
Even earlier than Tashiro’s appointment as CEO, Remixpoint had been buying BTC and different cryptocurrencies as a part of a reported technique towards a treasury of digital belongings. As of June 13, the corporate reported holding greater than 1,051 BTC, 901 Ether (ETH), 13,920 Solana (SOL), 1,191,204 XRP, and a couple of,802,311 Dogecoin (DOGE), representing a mixed market worth of greater than $116 million.
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Along with his new function at Remixpoint, Tashiro is listed underneath the administration of BITPoint, a Japan-based crypto alternate and an affiliate of the SBI Group. The alternate has closely promoted US President Donald Trump’s memecoin Official Trump (TRUMP).
Different CEOs, policymakers have accepted crypto salaries
Whether or not a part of a technique to additional adoption on the firm or to attempt to enhance the worth of particular cryptocurrencies, Remixpoint was not the primary to announce its management’s wage can be paid in Bitcoin.
In 2021, UK-based cryptocurrency mining firm Argo Blockchain said its then-CEO, Peter Wall, would obtain a BTC wage. Wall pointed to the instance set by NFL participant Russell Okung, who stated in 2020 he can be changing a portion of his wage into crypto.
Within the 2021 New York Metropolis mayoral election, then-Democratic candidate Eric Adams said he would accept his first three paychecks in Bitcoin. Working as an impartial 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 choice. The worth of the cryptocurrency has greater than doubled since 2021.
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