- Remixpoint sold its entire holdings of ETH, SOL, XRP, and DOGE for approximately $5.5 million.
- The sale generated a net gain of roughly $736,000, though the Dogecoin position was sold at a $20,000 loss.
- The company now holds only Bitcoin, about 1,506 BTC valued at $115 million, as part of a strategic shift to focus on the asset.
Remixpoint, one of Japan’s largest corporate Bitcoin holders, sold all its altcoins on Tuesday, netting a $736,000 gain as it pivots to a Bitcoin-only strategy. The company liquidated its Ether, Solana, XRP and Dogecoin holdings for a combined 878.8 million yen ($5.5 million), generating a 117.8 million yen profit, according to a Wednesday company disclosure.
However, the sale was not entirely profitable. Remixpoint recorded gains on its ETH, SOL and XRP sales but sold its DOGE holdings at a 3.26 million yen ($20,000) loss. The company expects to book the overall gain in the second quarter of the fiscal year ending March 2027.
Before the sale, Remixpoint held roughly 901 ETH, 13,920 SOL, 1.19 million XRP and 2.8 million DOGE. Those positions were worth approximately $2.14 million, $1.36 million, $1.57 million and $226,000, respectively, at current market prices.
Remixpoint said it made the decision after evaluating market conditions, the assets’ risk-return profiles and its broader financial strategy. The company stated that focusing its crypto portfolio on Bitcoin aims to “clarify investment strategy” and “improve capital efficiency.”
Consequently, Remixpoint now holds about 1,506 BTC, valued at roughly $115 million, as its only cryptocurrency asset. The firm has also been generating returns from its Bitcoin holdings, earning 14.92 BTC from lending activities between Feb. 24 and Aug. 31, valued at about 164.2 million yen ($1 million), according to the disclosure.
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