Remixpoint, Japan's third-largest corporate Bitcoin holder, has liquidated its entire altcoin portfolio to focus exclusively on Bitcoin. The company sold holdings of Ether, Solana, XRP and Dogecoin for a combined 878.8 million yen ($5.5 million), according to a company disclosure on Wednesday.
The altcoin sales generated a net gain of 117.8 million yen ($736,000). Remixpoint recorded gains on its ETH, SOL and XRP positions but posted a 3.26 million yen ($20,000) loss on Dogecoin. The company completed the sales on Tuesday and expects to recognize the gain in the second quarter of its fiscal year ending March 2027.
Following the sales, Remixpoint holds approximately 1,506 BTC as its only cryptocurrency position, valued at roughly $115 million based on prices at the time of the announcement.
Rationale for the shift
Remixpoint stated that the decision to exit altcoins reflected consideration of market conditions, risk-return characteristics and its overall financial strategy. The company said consolidating its crypto portfolio around Bitcoin aims to "clarify investment strategy" and "improve capital efficiency."
Bitcoin income from lending
Remixpoint has also generated returns from its Bitcoin holdings through lending activities. Between February 24 and August 31, the company earned 14.92 BTC through lending operations, valued at 164.2 million yen ($1 million) at the time of disclosure.
