Japan’s Remixpoint dumps altcoins, leaves 1,506 BTC as sole crypto bet
Remixpoint sold $5.5 million in ETH, SOL, XRP and DOGE, booking a $736,000 net gain as it narrowed its crypto strategy to focus on Bitcoin.
Remixpoint, one of Japan’s largest corporate Bitcoin holders, sold all its altcoins, leaving about 1,506 BTC ($115 million) as its only cryptocurrency holding as it concentrates its crypto strategy around Bitcoin.
Remixpoint sold its Ether (ETH), Solana (SOL), XRP (XRP) and Dogecoin (DOGE) holdings for a combined 878.8 million yen ($5.5 million), generating a 117.8 million yen ($736,000) gain, according to a Wednesday company disclosure.
The company 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 completed the sale on Tuesday and expects to book the gain in the second quarter of the fiscal year ending March 2027.