Remixpoint Shifts to Bitcoin-Only Treasury After Selling Ethereum, XRP
Japanese public company Remixpoint has sold all of its holdings in Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and XRP, shifting its cryptocurrency treasury strategy entirely to Bitcoin. The sale occurred on September 1, generating ¥878 million ($4.47 million) against a book value of ¥761 million ($3.87 million). Remixpoint reported a total gain of approximately $598,000 and plans to record the profit as business-segment revenue in its second fiscal quarter ending March 2027. The company cited market conditions, risk-return analysis, and financial strategy as key factors behind the decision. Ethereum was the most profitable asset sold with a gain of $305,900, while Dogecoin incurred a small loss. Remixpoint now holds approximately 1,501 BTC valued at around $116 million, placing it among Japan's top public-company Bitcoin holders. This move aligns with broader trends in corporate adoption and concentration of Bitcoin holdings by Japanese firms. Other companies like Metaplanet and Strategy have also increased their Bitcoin reserves recently.
Tickers: $MSTR
Topics: Bitcoin Dogecoin Ethereum Solana Treasury Strategy XRP