Japanese listed company Remixpoint disclosed that it sold all its positions in fake cryptocurrencies on September 1st, involving ETH, SOL, XRP, and DOGE. After the transaction was completed, Bitcoin became the only crypto asset held by the company, indicating that its digital asset portfolio strategy has shifted to a single Bitcoin configuration.
Total assets sold amounted to 879 million yen.
According to the disclosure, the assets sold by Remixpoint this time include approximately 901.45 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE, with a total sale amount of about 879 million yen.
This transaction brought the company a profit of approximately 118 million yen. The original text did not disclose the transaction prices corresponding to each asset, nor did it specify whether the sale was completed in one go on the same day.
- ETH: Approximately 901.45 pieces
- SOL: 13,920 pieces
- XRP: 1.19 million coins, DOGE: 2.8 million coins
Bitcoin becomes the only encrypted holding.
After completing this round of adjustments, the holdings of Remixpoint's crypto assets have been concentrated in Bitcoin alone. The company currently holds approximately 1,506 units of BTC.
This change means that the company will no longer maintain a diversified portfolio of digital assets, but instead shift its focus to Bitcoin operations entirely. For external markets, such adjustments to the treasury are typically seen as a company's re-evaluation of its choices regarding asset volatility, liquidity, and allocation strategies.
Japanese corporate treasuries continue to concentrate on BTC
Remixpoint is known as Japan's second-largest digital asset treasury company, second only to Metaplanet. After this liquidation of altcoins, the company has further reinforced its preference for Bitcoin in its investment strategy in its public statements.
Recently, Japanese listed companies have been increasing their activities related to Bitcoin portfolios. Remixpoint This time, choosing to exit other mainstream tokens also reflects that some companies prefer to manage their crypto exposures with a single-asset strategy.
Additional information:The original text describes Remixpoint as Japan's second-largest digital asset treasury company, only behind Metaplanet.
