Remixpoint Ditches Altcoins, Doubles Down on Bitcoin

Japanese corporate Remixpoint has sold its altcoin holdings, leaving only Bitcoin as its sole cryptocurrency bet.

The company dumped $5.5 million worth of Ether (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) in a move aimed at clarifying its investment strategy and improving capital efficiency.

According to the company's disclosure, Remixpoint generated a net gain of $736,000 from the sale, selling its ETH, SOL, and XRP holdings for a profit while recording a loss on its DOGE sale.

The company now holds approximately 1,506 BTC ($115 million) as its only cryptocurrency holding.