Japanese public company Remixpoint sold all of its Ethereum, Solana, XRP, and Dogecoin holdings on Sept. 1, leaving Bitcoin as the only cryptocurrency in its corporate treasury. The move is a notable example of a public company consolidating a diversified crypto portfolio into a single-asset Bitcoin position, a strategy pioneered by firms like Strategy and adopted widely in Japan.

Remixpoint, which operates in energy and mobility services alongside its digital-asset business, began accumulating crypto in 2024. According to a public disclosure on the company's website, the assets sold for ¥878,814,569 ($4.47 million), against a book value of ¥761,041,920 ($3.87 million). Remixpoint realized a gain of ¥117,772,649 ($598,400), which it expects to record as business-segment revenue in the second quarter of its fiscal year ending March 31, 2027.

Breaking down the results by asset, Ethereum generated a profit of ¥60,203,121 ($305,900), Solana added ¥49,304,898 ($250,500), and XRP produced ¥11,523,717 ($58,500). Dogecoin was the only losing position, recording a loss of ¥3,259,087 ($16,500). Prior to the sale, the company's Ethereum and Solana holdings had generated ¥29,874,959 ($151,800) in combined staking rewards.

Remixpoint said the decision to exit its altcoin positions followed a review of market conditions, the risk-return characteristics of each cryptocurrency, and the company's broader financial strategy. "After comprehensively considering the market environment, the risk-return characteristics of each cryptocurrency," the company wrote, "The Company's financial strategy, and other factors, the Company decided to sell all of the altcoins it held."

Going forward, the company's cryptocurrency policy will center on Bitcoin—a shift Remixpoint said would clarify its approach and improve capital efficiency. Sale proceeds may fund battery-storage projects and strengthen its balance sheet, tying its crypto treasury more directly to its core energy business.

Remixpoint has also earned income from Bitcoin lending, generating 14.92055902 BTC in fees between Feb. 24 and Aug. 31, valued at ¥164,218,522 ($834,300).

According to Bitcoin Treasuries, the company now holds 1,501 BTC, valued at $116.1 million, ranking Remixpoint 38th among public-company Bitcoin holders. The differing totals reflect figures reported on different dates.

Corporate Bitcoin buying has accelerated in recent weeks as public companies raise capital and concentrate more of their reserves in the asset. In April, Metaplanet added 5,075 BTC, lifting its holdings to 40,177 BTC. In August, the Japanese company agreed to contribute 2,100 BTC and $2.5 million in cash to Super League Enterprises. Also in August, Zhibao Technology received 2,380 BTC through a $154.7 million private placement funded directly with Bitcoin.

Later that month, Strive bought 1,110 BTC for $81.5 million before adding another 1,800 BTC for roughly $143 million. At the end of August, Strategy purchased 4,603 BTC for $369.7 million, ending a roughly two-month pause in its Bitcoin purchases. Remixpoint's exit from altcoins, by contrast, highlights that some firms are choosing to consolidate existing holdings rather than raise new capital—watchers of the sector can track whether other diversified corporate crypto treasuries follow a similar single-asset approach.

Source: Decrypt