Remixpoint Sells Altcoins, Keeps Only Bitcoin in Treasury
Tokyo-listed energy and digital assets company Remixpoint Inc. (TYO: 3825) announced on September 2 that it has sold all its holdings of XRP, Ethereum, Solana, and Dogecoin for approximately $5.5 million. The move generated a net gain of around $737,000 across the altcoins except for DOGE, which resulted in a small loss. The company now holds only Bitcoin (BTC) with 1,506 units valued at about $115.3 million in its digital asset treasury. Remixpoint cited market conditions and risk-return characteristics as reasons to consolidate its crypto holdings around Bitcoin. The firm plans to use the proceeds from the sale for expansion into areas like grid-scale battery storage. Additionally, Remixpoint earns income by lending out Bitcoin; it received 14.92 BTC in fees between February 24 and August 31.
Topics: Bitcoin lending crypto digital assets portfolio strategy