Remixpoint Dumps Altcoins for Bitcoin, Focuses on BTC Treasury

Remixpoint, a Japanese listed company, has sold its entire altcoin portfolio for ¥878.8 million, leaving it with roughly 1,506 Bitcoin as its only cryptocurrency holding.

The sale of Ethereum, Solana, XRP, and Dogecoin generated a combined realized profit of ¥117.8 million, which will be booked as business segment revenue in the second quarter.

Remixpoint plans to consider using the sale proceeds for grid scale battery assets, strengthening its finances, and other corporate measures.

The company had built a diversified crypto portfolio before concentrating its holdings in Bitcoin. In November 2024, it held Bitcoin, Ethereum, Solana, Avalanche, Dogecoin, and XRP, with an aggregate acquisition cost of ¥4 billion across the portfolio.