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Japanese-listed company Remixpoint has exited all of its altcoin positions, selling every unit of Ethereum (ETH), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) it held as part of a shift to a Bitcoin (BTC)-only cryptocurrency strategy. The sales were completed on Sept. 1, according to a company disclosure filed on Wednesday.
Remixpoint sold 901.45 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE for a combined 878.8 million yen ($5.5 million).
The combined book value of those holdings was 761 million yen, generating a net gain of 117.8 million yen ($737,000). The company recorded gains of 60.2 million yen ($377,000) on its ETHposition, 49.3 million yen ($308,000) on SOL, and 11.5 million yen ($72,000) on XRP. Its DOGEposition was the only losing trade, sold at a 3.3 million yen ($21,000) loss. Remixpoint saidit made the decision to sell after weighing market conditions, each asset’s risk-return profile, and its broader financial strategy.
Bitcoin Is Now Remixpoint’s Only Crypto Asset
Bitcoin (BTC) is now Remixpoint’s sole cryptocurrency holding. The company holds approximately 1,506 BTC, worth around $115.3 million as of Sept. 2 prices. Remixpoint said concentrating its crypto portfolio around Bitcoin would clarify its investment strategy and improve capital efficiency. The company ranks as Japan’s third-largest corporate Bitcoin holder
Remixpoint has also been generating income from its BTC holdings through lending. Between Feb. 24 and Aug. 31, the company earned 14.92 BTC in lending fees, valued at 164.2 million yen ($1 million) based on applicable month-end exchange rates. The company said it is considering using proceeds from the altcoin sales to expand assets in growth areas, including grid-scale battery storage, while also strengthening its financial position and pursuing other measures to increase corporate and shareholder value.
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Remixpoint’s Tokyo-listed shares closed down 5% on Wednesday. The decline came alongside a broader dip in crypto prices, with BTC trading below $77,000 on the same day, down nearly 1.8% in 24 hours. The company expects to book the gain from the altcoin sales in the second quarter of the fiscal year ending March 2027. Remixpoint said it plans to announce further details on how the sale proceeds will be allocated in due course.
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