Japan’s Remixpoint Dumps Ethereum, XRP in Shift to Bitcoin-Only Treasury

In brief

• Remixpoint sold its altcoins for ¥878.8 million ($4.47 million).
• The sale produced a ¥117.8 million ($598,400) gain.
• Sale proceeds may fund battery-storage projects and strengthen its balance sheet.

Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on Sept. 1, making Bitcoin the only cryptocurrency left in its treasury.

According to a public disclosure on the company’s website, the assets sold for ¥878,814,569 ($4.47 million), against a book value of ¥761,041,920 ($3.87 million). Remixpoint realized a ¥117,772,649 ($598,400) gain, which it expects to record as business-segment revenue in the second quarter of its fiscal year ending March 31, 2027.

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

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

Remixpoint said it decided to exit the altcoins after weighing market conditions, each asset’s risk and return, and the company’s 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.”