Japan’s Remixpoint Sells Ethereum, XRP, and Other Altcoins to Focus on Bitcoin

Japanese public company Remixpoint sold all of its Ethereum, Solana, $XRP, and Dogecoin on Sept. 1, leaving Bitcoin as the only cryptocurrency in its treasury.

According to a public disclosure on the company’s website, the assets were sold for ¥878,814,569 ($4.47 million), compared with 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.

Ethereum accounted for a ¥60,203,121 ($305,900) profit. Solana generated ¥49,304,898 ($250,500), while $XRP contributed ¥11,523,717 ($58,500). Dogecoin was the only losing position, with a ¥3,259,087 ($16,500) loss.

Before the sale, the company’s Ethereum and Solana holdings had produced ¥29,874,959 ($151,800) in combined staking rewards.

Remixpoint said it decided to exit the altcoins after considering market conditions, the risk-return profile of each asset, and its 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.”

The company said its cryptocurrency policy will now center on Bitcoin, adding that the shift is intended to clarify its approach and improve capital efficiency. For public companies that hold crypto on their balance sheets, that kind of treasury concentration can also make disclosures and portfolio management more straightforward.

Bitcoin lending generated 14.92055902 $BTC in fees from Feb. 24 through Aug. 31. Those fees were valued at ¥164,218,522 ($834,300).

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

Corporate Bitcoin buying has accelerated in recent weeks as public companies raise capital and direct more of their reserves into the asset.

In April, Metaplanet added 5,075 $BTC, bringing 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.