Japanese public company Remixpoint disclosed that it sold all of its Ethereum, Solana, XRP, and Dogecoin on September 1. After the adjustment, its cryptocurrency treasury holds only Bitcoin. The company stated that this decision was made after considering market conditions, the risk-return profiles of various assets, and its own financial strategy.
Sale amount and disposal gain
According to the company’s disclosure, the total proceeds from the sale of these assets amounted to JPY 878.8 million, with a book value of JPY 761.0 million, resulting in a gain of JPY 117.8 million. Remixpoint expects to recognize this gain as part of its second-quarter business segment income for the fiscal year ending March 31, 2027.
- ETH disposal proceeds amount to approximately 60.2 million JPY.
- SOL disposal proceeds amount to approximately 49.3 million JPY.
- XRP disposal proceeds amount to approximately 11.52 million JPY.
Dogecoin was the only losing position in this liquidation, with a loss of approximately ¥32.5 million. The company also disclosed that, prior to selling, its holdings of Ethereum and Solana generated a combined return of approximately ¥29.87 million from staking.
Change the treasury to hold only Bitcoin.
Remixpoint stated that future cryptocurrency asset policies will center on Bitcoin to further clarify treasury direction and enhance capital efficiency. In addition to spot holdings, the company disclosed that, between February 24 and August 31, its Bitcoin lending business generated fee income of 14.92055902 BTC, valued at approximately JPY 1.642 billion according to the disclosed metrics.
According to Bitcoin Treasuries, Remixpoint currently holds 1,501 BTC, valued at approximately $116.1 million based on the figures cited in the article, ranking it 38th globally among publicly traded companies by Bitcoin holdings. The report also notes that holdings figures may vary depending on the reporting date.
Publicly traded companies continue to increase their Bitcoin holdings
Recently, the trend of publicly traded companies increasing their Bitcoin holdings continues, with some firms raising capital or restructuring their reserves to allocate more funds to Bitcoin. Remixpoint’s latest move demonstrates that it has abandoned a multi-currency treasury strategy in favor of a Bitcoin-only reserve.
- Metaplanet increased its BTC holdings by 5,075 BTC in April.
- Strive bought a total of 2,910 BTC in two purchases in August.
- Strategy: Increased holdings by 4,603 BTC at the end of August
Additional information: The report notes that Remixpoint’s current holdings differ slightly from figures in some public databases, primarily due to differences in reporting dates, not because the company uses inconsistent disclosure standards.