Remixpoint Ditches Altcoins for Bitcoin, Sees Net Profit

Japanese company Remixpoint has sold all its holdings of altcoins, including XRP, Ethereum, Solana, and Dogecoin. The firm realized a net profit of ¥117 million from the sale.

The decision to sell was reportedly due to Remixpoint's desire to shift its focus solely on Bitcoin. To achieve this, they invested in approximately 1,506 BTC, citing Bitcoin's stable passive income and lower volatility as key factors.

According to Remixpoint, their investment in Bitcoin has generated a significant amount of interest through lending between February and August, earning them ¥164.21 million. This income is said to be supporting the expansion of Remixpoint's core energy business.