Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on September 1, making Bitcoin the only cryptocurrency remaining in its treasury.
The altcoins sold for ¥878.8 million ($4.47 million), compared to a book value of ¥761 million ($3.87 million), producing a ¥117.8 million ($598,400) gain. The company expects to record this gain as business-segment revenue in the second quarter of its fiscal year ending March 31, 2027.
Ethereum generated a ¥60.2 million ($305,900) profit, while Solana added ¥49.3 million ($250,500) and XRP produced ¥11.5 million ($58,500). Dogecoin was the only losing position, recording a ¥3.3 million ($16,500) loss. Before the sale, Ethereum and Solana combined generated ¥29.9 million ($151,800) in staking rewards.
Remixpoint said it decided to exit the altcoins after considering market conditions, each asset's risk-return profile, and the company's financial strategy. The shift to a Bitcoin-focused approach aims to clarify its cryptocurrency strategy and improve capital efficiency.
Bitcoin lending generated 14.92 BTC in fees from February 24 through August 31, valued at ¥164.2 million ($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 move aligns with accelerating corporate Bitcoin adoption. In April, Japanese company Metaplanet added 5,075 BTC to its holdings. In August, Metaplanet agreed to contribute 2,100 BTC and $2.5 million to Super League Enterprises, while Zhibao Technology received 2,380 BTC through a private placement. Later that month, Strive purchased 2,910 BTC across two transactions, and Strategy bought 4,603 BTC for $369.7 million.
