web3 : After clearing out fake cryptocurrencies, Remixpoint has shifted to holding only Bitcoin
Cryptonews
09-02 15:00
Ai Focus
Remixpoint is selling all of ETH, SOL, XRP, and DOGE. Currently, they only hold about 1,506 Bitcoins.
Helpful
No.Help

A recent disclosure by the Japanese listed company Remixpoint shows that on September 1st, the company sold all its holdings of ETH, SOL, XRP, and DOGE. The total transaction amount was 878.81 million yen, with a combined profit of approximately 117.77 million yen. After this round of adjustments, the company's cryptocurrency portfolio now consists solely of Bitcoin, with a holding of about 1,506 coins.

Revenues of approximately 117 million yen are expected to be confirmed in the second quarter.

The company stated that this sale was a decision made after evaluating the market environment, the risk-return characteristics of various assets, and its own financial strategy. The related proceeds will be included in the revenue of the business segment for the second quarter of the fiscal year ending March 2027.

Looking at individual assets, Ethereum was the part with the highest sale amount this time. Remixpoint sold 901.4467 ETH, with a transaction amount of approximately 353.43 million yen, resulting in a profit of about 60.2 million yen. Solana sold a total of 13,920.0726 units, with a transaction amount of about 227.89 million yen, achieving a profit of about 49.3 million yen.

XRP In this portion, the company sold 1.191 million units, recouping approximately 260.43 million yen and making a profit of about 11.52 million yen. Dogecoin was the only losing position, with 2.802 million units sold. DOGE After that, approximately 37.08 million yen were recovered, resulting in a loss of about 3.26 million yen compared to the book value.

  • The total carrying amount of the four assets before sale was approximately 761.04 million yen.
  • The total actual sales amount was approximately 878.81 million yen.
  • The total realized earnings amount to approximately 117.77 million yen.

Position concentration in Bitcoin

Remixpoint indicates that the goal of this combination adjustment is to concentrate on holding encrypted assets and to establish Bitcoin as the core asset under the company's holding and operation strategy. After the sale is completed, the company will only have approximately 1,506 BTC of encrypted assets remaining.

This Bitcoin strategy is not a temporary decision. Since 2024, Remixpoint has been continuously increasing its Bitcoin holdings. By November 2024, the company's holdings covered BTC, ETH, SOL, AVAX, DOGE, and XRP; at that time, the Bitcoin holdings amounted to 215.76 coins. By December of the same year, after purchasing an additional 200 million yen, their Bitcoin balance increased to 282.87 coins.

After entering 2025, the company continued to increase its investment. Remixpoint approved an additional 1 billion yen for Bitcoin purchases in May, raising the total approved investment in crypto assets to 12 billion yen. Two months later, the company announced another financing plan, aiming to raise approximately 215 million US dollars to further increase its exposure to Bitcoin. At that time, its Bitcoin holdings were around 1,051 coins.

Pledge and lending once brought income.

Before the liquidation, ETH and SOL also brought pledge income to the company. The company disclosed that from July 16, 2025, to August 31, 2026, the pledge rewards for ETH were approximately 10.93 million yen, and for SOL they were approximately 18.94 million yen, totaling about 29.87 million yen, all of which were received in Japanese yen.

Bitcoin lending business has also begun to contribute to revenue. According to a document dated September 2, from February 24 to August 31, the company earned 14.92055902 BTC, worth approximately 164.22 million yen. In August alone, lending revenue reached 2.48356398 BTC, valued at about 31.15 million yen.

Consider investing cash withdrawn from the market in energy storage business

The company disclosed that the 878.81 million yen recovered from this sale will be subsequently used to evaluate and support future growth areas, including grid-level energy storage battery assets. Remixpoint It was also mentioned that the funds may be used to strengthen the financial foundation, as well as for other measures that contribute to enhancing the value of the company and its shareholders.

Japanese listed companies have been continuously pursuing a bitcoin treasury strategy in recent years. It is mentioned in the text that after Metaplanet increased its holdings by 2,823 bitcoins in the second quarter of 2026, its total holdings reached 43,000 bitcoins. The company also completed the acquisition of Siiibo Securities in July and launched Metaplanet Securities, with plans to develop bonds and digital credit products related to the bitcoin treasury.

Additional information:Remixpoint Previously, it also attracted attention when Takahashi Yoshihiko chose to receive his salary in Bitcoin. The company stated at that time that they would first buy Bitcoin for an amount equivalent to his salary and then transfer it to him personally.

Tip
$0
Like
0
Save
0
Views 569
WalletJYS reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Privacy-first AI assistant Ollie will be discontinued
The privacy-focused startup AI, known as Ollie, has announced that it will officially shut down on November 6th. The co-founder of the company and also a key contributor to CEO Bill Lennon stated that the team has done its best, but it has become difficult to continue operations amidst increasing competition and rising financing pressures; customers will receive instructions on how to export their data and get refunds.
TechCrunch
·2026-10-31 10:31:27
2
Tether Third Quarter Report: Bitcoin Reserves Increase to $8.37 Billion
Tether indicates that the operating profit for the third quarter was $1.5 billion, and as of the end of September, its excess reserves increased to $7.95 billion, nearly doubling from $4.1 billion at the end of June. The company stated that its assets amounted to $191.5 billion and liabilities to $183.5 billion, of which it directly and indirectly held $132.4 billion in U.S. Treasury bills; during the same period, the valuation of its Bitcoin reserves was $8.37 billion, higher than the approximately $5.8 billion at the end of June.
Cointelegraph
·2026-10-31 10:31:25
1
Android 7.0 version Apple Music released: Apple upgrades brand visuals, introduces liquid glass design
After about a month of Beta testing, Apple officially launched Android 7.0 Apple Music, which features a liquid glass design, brand-new icons, and a visual update to the brand identity. The new version also redefines interface elements such as the bottom navigation bar, mini-player, top bar, artist pages, and settings pages.
The Block
·2026-10-31 10:04:50
15
Apple's closing market value once again surpasses NVIDIA, reclaiming the title of the world's most valuable listed company
After the close of U.S. stocks on the early morning of October 31st, Beijing time, Apple's market value reached $5.03 trillion, once again surpassing NVIDIA's $4.93 trillion to reclaim its position as the world's most valuable listed company. On that day, Apple's closing stock price fell by 1.2%, while NVIDIA's fell by 4.2%. Although Apple also experienced a decline, its percentage decrease was smaller, which led to a reversal in their market value rankings. This marks Apple's first time at the top again since briefly overtaking NVIDIA at the end of July this year.
The Block
·2026-10-31 09:35:28
26
U.S. Stock Market: NASDAQ 100 Index Plunges 3.5% AI Increased Investment Doubts Lead to Selling of Tech Stocks
Tech stocks tumbled for a second consecutive day on Friday, with concerns over AI spending and weak core businesses of large tech companies putting pressure on the market. The Nasdaq 100 index fell 3.5%, with individual stocks such as Intel, AMD, NVIDIA, and Amazon also declining. The S&P 500 index, the Dow Jones Industrial Average, and the Nasdaq index also closed lower.
The Block
·2026-10-31 09:35:26
26
View More