Japan’s Remixpoint Sell All ETH, XRP, SOL & DOGE, Keeps BTC

Japan’s Three Largest Banks Target Stablecoin Launch in FY2026

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.

After the sales, the company now holds around 1,506 BTC, making it the third-largest publicly listed Bitcoin holder in Japan, behind Metaplanet and Nexon.

Remixpoint is also earning income from its Bitcoin holdings through lending. The company reported 14.92 BTC in lending fees between February 24 and August 31, 2026, worth about ¥164.22 million based on its reported figures. In August alone, it earned 2.48 BTC, valued at about ¥31.15 million.

Where Will Remixpoint’s $5.5M Funds Go?

Following the altcoin sell-off, Remixpoint said that it does not plan to use the proceeds immediately to buy more Bitcoin. Instead, around ¥878.81 million ($5.5 million) from the sales will mainly go toward its energy business and balance sheet.

Most of the funds will be used to buy and deploy large-scale electricity storage batteries. 

The company plans to expand its energy infrastructure business while keeping part of the cash on its balance sheet to strengthen its financial position.

This move also helps Remixpoint maintain its traditional business operations, which are important for meeting Tokyo Stock Exchange rules. 

Was this writing helpful?

Story Ends Here

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Source link

Hinterlasse jetzt einen Kommentar

Kommentar hinterlassen

E-Mail Adresse wird nicht veröffentlicht.


*