Remixpoint Ditches Altcoins, Holds Steady with 1,506 BTC

Japanese energy consulting firm Remixpoint has reduced its exposure to several altcoins, including Ethereum and XRP, after conducting a market review. The decision was based on market conditions, risk-return profiles, and financial strategy.

The company made ¥117.8 million ($746,800) from selling its altcoin holdings, with the largest profit coming from Ethereum at ¥60.2 million ($381,000). Solana generated ¥49.3 million ($312,000), while XRP produced a profit of ¥11.5 million ($72,900). Dogecoin was the only outlier, resulting in a loss of ¥3.3 million ($21,000).

Remixpoint still holds approximately 1,506 BTC, valued at more than $115 million, and has earned additional income through Bitcoin lending. The company received fees worth ¥164.2 million ($1 million) between February 24 and August 31.