Japanese company moves to align CEO with Bitcoin strategy, full salary goes to BTC
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.”