Japan-listed Remixpoint reported on Wednesday that it had sold its ether (ETH, $2,404.40), solana (SOL) and XRP holdings at a profit — with dogecoin ($DOGE, $0.08115) the sole exception.

The company sold 2.8 million DOGE on Sept. 1 for approximately $234,000, roughly $21,000 below the book value at which it carried the position when its current fiscal year began. The loss is measured against that fiscal-year opening book value rather than the original purchase cost. All four altcoins were sold on the same day.

The other three positions delivered gains: ether produced $379,000, solana $311,000, and XRP about $72,000. Combined across the four positions, Remixpoint was left with a net gain of roughly $742,000.

The dogecoin loss stands out because DOGE is far from a fringe token in Japan. Registered Japanese cryptocurrency exchanges have traded DOGE since 2022, and the Japan Virtual and Crypto Assets Exchange Association (JVCEA), the industry's recognized self-regulatory body, began publishing an official DOGE/JPY reference price this year alongside those for bitcoin, ether, XRP and solana. Japan operates one of the more heavily regulated crypto markets among major economies, with exchanges required to register with the Financial Services Agency and the JVCEA screening tokens before they can be listed for spot trading — a framework that has generally kept the roster of tradable assets on Japanese platforms narrower than on offshore exchanges.

Remixpoint said it sold the four tokens after reviewing market conditions and their risk-return characteristics, and will now concentrate its cryptocurrency holdings in bitcoin. The company still holds about 1,506 BTC, worth more than $115 million at Thursday prices, making bitcoin its only remaining cryptocurrency.

Remixpoint is a Tokyo-listed company whose business spans energy-related services and, in recent years, digital asset investments. Like a growing number of Japanese public firms, it has allocated corporate treasury capital to cryptocurrencies. Bitcoin, the largest cryptocurrency by market value, has increasingly been adopted by listed companies as a treasury reserve asset, a practice pioneered at scale by U.S.-listed MicroStrategy (now Strategy) and since taken up by corporations across multiple countries. Whether other Japanese corporate holders follow Remixpoint's lead in consolidating altcoin positions into bitcoin is likely to be watched as an indicator of how far that treasury strategy extends beyond dollar-listed firms.