Japanese energy and fintech company Remixpoint has raised $215 million (31.5 billion yen) to significantly boost its Bitcoin reserves. The company announced Wednesday that the full amount will be used to acquire more Bitcoin, pushing its goal to reach 3,000 BTC in the short term.

This massive fundraise was completed via the firm’s 25th series of stock acquisition rights and its fourth series of unsecured bonds. The issuance will introduce 55 million new shares, diluting existing shares by 39.9%. However, the issuance was done at market price, with no discount.

Remixpoint currently holds 1,051 BTC, valued at over $113.8 million, placing it 30th among the world’s largest corporate Bitcoin treasuries. With this latest move, the company is positioning itself as one of Asia’s most aggressive Bitcoin adopters.

In a bold show of alignment with shareholders, Remixpoint CEO Takashi Tashiro will now receive part of his compensation in Bitcoin. The company said its board reached a unanimous decision on the strategy, believing it boosts corporate value while maintaining strategic flexibility.

This surge in Bitcoin treasury moves comes as global corporates dive into the space. Metaplanet, Japan’s leading Bitcoin treasury firm, acquired 2,204 BTC worth $237 million this week. In Europe, France’s Blockchain Group and the UK’s Smarter Web Company added 116 BTC and 226 BTC, respectively.

Despite the momentum, some experts remain skeptical. James Check, lead analyst at Glassnode, warned that the trend may be losing steam, saying, “Nobody wants the 50th Treasury company.”