Remixpoint sells altcoins to make Bitcoin its sole treasury asset

Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on Sept. 1. Bitcoin is now the only cryptocurrency in the company's treasury. The assets sold for ¥878,814,569 ($4.47 million). Their book value was ¥761,041,920 ($3.87 million). Remixpoint realized a ¥117,772,649 ($598,400) gain. Remixpoint expects to record the gain as business-segment revenue in the second quarter of its fiscal year ending March 31, 2027. Ethereum generated a ¥60,203,121 ($305,900) profit. Solana generated a ¥49,304,898 ($250,500) profit. XRP generated a ¥11,523,717 ($58,500) profit. Dogecoin recorded a ¥3,259,087 ($16,500) loss. Ethereum and Solana generated ¥29,874,959 ($151,800) in combined staking rewards before the sale. Remixpoint said it exited the altcoins after considering market conditions. The company also considered each asset's risk and return. Remixpoint said its financial strategy was another factor. The company's cryptocurrency policy will now center on Bitcoin. Remixpoint said the change would clarify its approach. Remixpoint also said the change would improve capital efficiency. The sale proceeds may fund battery-storage projects. The proceeds may also strengthen Remixpoint's balance sheet. Bitcoin lending generated 14.92055902 BTC in fees from Feb. 24 through Aug. 31. Those fees were valued at ¥164,218,522 ($834,300). Bitcoin Treasuries said Remixpoint holds 1,501 BTC valued at $116.1 million. Bitcoin Treasuries ranked Remixpoint 38th among public-company Bitcoin holders. The different totals reflect figures reported on different dates. Corporate Bitcoin buying has accelerated in recent weeks as public companies raise capital and concentrate more reserves in Bitcoin. Metaplanet added 5,075 BTC in April. That lifted Metaplanet's holdings to 40,177 BTC. Metaplanet agreed in August to contribute 2,100 BTC to Super League Enterprises. Metaplanet also agreed to contribute $2.5 million in cash. Zhibao Technology received 2,380 BTC through a $154.7 million private placement funded directly with Bitcoin. Strive bought 1,110 BTC for $81.5 million later in August. Strive then added 1,800 BTC for roughly $143 million. Strategy purchased 4,603 BTC for $369.7 million at the end of August. That purchase ended a roughly two-month pause in Strategy's Bitcoin purchases.