Remixpoint sells $5.5 million in altcoins, keeps 1,506 BTC as sole crypto asset
Japan's largest corporate Bitcoin holders, Remixpoint, has liquidated its entire portfolio of alternative cryptocurrencies to focus exclusively on Bitcoin.
Remixpoint sold $5.5 million worth of Ethereum, Solana, XRP, and Dogecoin holdings for a net profit of $736,000. The Japanese firm left approximately 1,506 BTC as its only remaining cryptocurrency asset after the transaction completed on Tuesday. Prior to the sale, the company owned roughly 901 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE. It recorded gains on sales of Ethereum, Solana, and XRP but incurred a $20,000 loss on Dogecoin. The firm stated that shifting its strategy to concentrate solely on Bitcoin aims to clarify investment plans and improve capital efficiency. Remixpoint ranks as Japan's third-largest corporate Bitcoin holder. The company expects to finalize the accounting of this gain in the second quarter of its fiscal year ending March 2027.
