Remixpoint sells $5.5 million in altcoins to focus on Bitcoin

Remixpoint sold all its altcoin holdings for 878.8 million yen ($5.5 million). The sale covered ETH, SOL, XRP and DOGE. The sale generated a 117.8 million yen ($736,000) gain. Remixpoint completed the sale on Tuesday. The company expects to record the gain in the second quarter of the fiscal year ending March 2027. Remixpoint now holds about 1,506 BTC worth $115 million as its only cryptocurrency holding. Remixpoint ranks as Japan's third-largest corporate Bitcoin holder. The company sold its DOGE holdings at a 3.26 million yen ($20,000) loss. Before the sale, Remixpoint held about 901 ETH. Those ETH holdings were worth about $2.14 million based on CoinGecko prices at the time of publication. Remixpoint held 13,920 SOL before the sale. Those SOL holdings were worth about $1.36 million. Remixpoint held 1.19 million XRP before the sale. Those XRP holdings were worth about $1.57 million. Remixpoint held 2.8 million DOGE before the sale. Those DOGE holdings were worth about $226,000. Remixpoint said it considered market conditions, risk-return characteristics and its financial strategy before selling the altcoins. Remixpoint said its Bitcoin focus aims to clarify its investment strategy and improve capital efficiency. Remixpoint earned 14.92 BTC from lending between Feb. 24 and Aug. 31. The lending returns were valued at 164.2 million yen ($1 million), according to the company disclosure.