Japan-listed company Remixpoint has sold its entire holdings of ether, Solana, XRP and Dogecoin as it moves to a bitcoin-only cryptocurrency investment strategy.
The company sold 901.45 ETH, 13,920 SOL, 1.19 million XRP and 2.8 million DOGE on 1 September for a combined ¥878.8m ($5.5m), according to a translation of a company disclosure issued on Wednesday.
The sales produced a total gain of ¥117.8m ($737,000) above the portfolio’s combined book value of ¥761m.
Remixpoint made ¥60.2m ($377,000) on its ether holdings and ¥49.3m ($308,000) on its Solana position. Its XRP investment generated a gain of ¥11.5m ($72,000), while the company recorded a ¥3.3m ($21,000) loss on Dogecoin.
According to the disclosure, the decision to dispose of the alternative cryptocurrencies followed an assessment of market conditions, the risk and return characteristics of the assets, and Remixpoint’s wider financial strategy.
Bitcoin is now the company’s sole cryptocurrency holding. Remixpoint owns approximately 1,506 BTC, valued at about $115.3m at current prices.
The company said that focusing its digital-asset portfolio on bitcoin would make its investment policy clearer and help improve the efficiency of its use of capital.
Remixpoint has also been earning income by lending some of its bitcoin. Between 24 February and 31 August, it received 14.92 BTC in lending fees. Those fees were valued at ¥164.2m ($1m), using the applicable exchange rates at the end of each month.
The company is considering how to deploy the money raised through the altcoin sales. Potential uses include increasing investment in growth areas such as grid-scale battery storage, reinforcing its financial position and taking other steps designed to increase value for the business and its shareholders.
Remixpoint’s shares fell by 5% in Tokyo on Wednesday, according to TradingView.
The move comes as the company seeks to simplify its cryptocurrency exposure around bitcoin rather than maintain a broader portfolio of digital assets. Its latest disclosure makes clear that the change is linked not only to market conditions but also to its assessment of risk, returns and capital allocation.
Remixpoint’s bitcoin lending activity will remain an additional source of returns under the new structure. The 14.92 BTC earned in fees between February and August was reported separately from the proceeds generated by the sale of its ether, Solana, XRP and Dogecoin holdings.
