Remixpoint Sells Altcoins to Focus on Bitcoin
Tokyo-listed Remixpoint Inc. (TYO: 3825) has sold all its holdings in XRP, Ethereum, Solana, and Dogecoin for approximately $5.5 million, retaining only Bitcoin in its digital asset treasury. The company reported a net gain of around $737,000 from the sales across these cryptocurrencies but noted a small loss on the DOGE sale. Remixpoint stated that it is concentrating its crypto portfolio solely on Bitcoin to streamline investment strategy and improve capital efficiency amid current market conditions. It plans to use proceeds for expansion in areas like grid-scale battery storage and strengthening financial position, while also generating returns by lending out Bitcoin. The company earned 14.92 BTC ($1 million) from Bitcoin lending fees between February and August of this year.
Tickers: $HSDT