September 02, 15:00
Remixpoint sells XRP, ETH, SOL and DOGE to concentrate on Bitcoin
Japan's Remixpoint Dumps XRP, ETH, SOL and DOGE to Go All-In on Bitcoin
Beincrypto
Remixpoint sold its entire XRP, Ethereum, Solana and Dogecoin portfolio on September 1. The sale generated a ¥117.77 million ($598,400) profit. The transactions were valued at ¥878.81 million ($4.47 million). The holdings had a book value of ¥761.04 million ($3.87 million) at the start of the period. Ethereum generated a ¥60.20 million ($305,900) gain. Solana generated a ¥49.30 million ($250,500) gain. Ethereum and Solana produced ¥29.87 million ($151,800) combined in staking rewards. XRP generated a ¥11.52 million ($58,500) profit. Dogecoin produced a ¥3.25 million ($16,500) loss. Remixpoint plans to direct the realized profit toward its energy business. The company plans to expand its fleet of industrial battery storage systems. Remixpoint's crypto holdings now consist exclusively of approximately 1,506 BTC. Company leadership said Bitcoin can generate stable passive income through lending. Between February and August 2026, Remixpoint's Bitcoin lending program accumulated 14.92 BTC in interest. The program generated ¥164.21 million ($834,300) without requiring a sale of the underlying Bitcoin. In June, Remixpoint had built a position of roughly 1.2 million XRP tokens. The company had also added Solana and Dogecoin to its balance sheet. Internal financial models had projected crypto-segment revenue of up to ¥12.44 billion ($63.21 million). Management later adopted what it called a selection-and-concentration strategy after assessing the risks and volatility of holding multiple altcoins.
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