Japan’s Remixpoint Sells All ETH, XRP, SOL and DOGE – Keeps Only 1,506 BTC

Japan-listed digital asset treasury company Remixpoint has sold all of its ETH, XRP, SOL and DOGE holdings, leaving Bitcoin as its only crypto asset. The company sold the altcoins for ¥878.81 million ($5.5 million) and made a ¥117.77 million profit. 

But will Remixpoint use this money to buy more Bitcoin? Here’s what they say.

Remixpoint Sells ETH, XRP, SOL and DOGE

On 1 September, Remixpoint announced that it completed the sale of its altcoin holdings, generating a total net profit of ¥117.77 million ($737,000).

The company sold four major cryptocurrencies, including 901.45 ETH for ¥353.43 million, making ¥60.2 million ($377,000) in profit, while 13,920.07 SOL were sold for ¥227.89 million, generating ¥49.3 million ($308,000). 

Remixpoint also sold 1.19 million XRP for ¥260.43 million, earning ¥11.5 million ($72,000). 

Meanwhile, the sale of 2.80 million DOGE for ¥37.08 million resulted in a ¥3.3 million ($21,000) loss.

The company said it considered market conditions, risks, and its financial strategy before selling all of its altcoins.

Bitcoin Is The Sole Holding Of Remixpoint 

Remixpoint said the move will help it focus its crypto portfolio on Bitcoin, making BTC the main asset in its crypto strategy.