Japan's Remixpoint Sells ETH, SOL, XRP and DOGE to Go All-In on Bitcoin
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· body · New information from a source
Japan-listed firm Remixpoint has sold all of its ethereum, solana, XRP and dogecoin holdings, converting its crypto treasury into a bitcoin-only position, according to The Block.The company now holds approximately 1,506 BTC, worth around $115 million, as its only cryptocurrency asset, The Block reported.Remixpoint booked a profit of ¥117.8 million from the sale of its ETH, SOL, XRP and DOGE positions, according to Decrypt.Not every altcoin sale was profitable, however.CoinDesk reported that dogecoin was the only holding on which Remixpoint lost money, making it the sole losing bet among the tokens it exited.The move places Remixpoint among a group of Japanese listed companies consolidating corporate treasuries around bitcoin rather than holding a mix of digital assets.- Japan-listed Remixpoint has liquidated its entire holdings of ether, solana, XRP and dogecoin, shifting to a bitcoin-only crypto treasury, according to The Block.
- The company now holds approximately 1,506 BTC, worth around $115 million, as its only cryptocurrency position, The Block reported.
- Remixpoint booked a profit of ¥117.8 million from the sale of its ETH, SOL, XRP and DOGE holdings, according to Decrypt, which also confirmed the roughly 1,506 BTC figure now on the company's books.
- Of the altcoins sold, dogecoin was the only position that lost money for the firm, according to CoinDesk.
- The moves mark a full pivot away from a diversified crypto portfolio toward a single-asset bitcoin treasury strategy for the Japanese firm.
· summary · New information from a source
Japan-listed Remixpoint dumped its ether, solana, XRP and dogecoin holdings, leaving roughly 1,506 BTC as its sole crypto asset.- Japan-listed Remixpoint has sold its entire ETH, SOL, XRP and DOGE stash, leaving roughly 1,506 BTC as its sole crypto holding.
· headline · New information from a source
Japan's Remixpoint Sells All ETH, SOL, XRP and DOGE to Go Bitcoin-Only- Japan's Remixpoint Sells ETH, SOL, XRP and DOGE to Go All-In on Bitcoin
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Japan-listed Remixpoint has liquidated its entire holdings of ether, solana, XRP and dogecoin, shifting to a bitcoin-only crypto treasury, according to The Block.
The company now holds approximately 1,506 BTC, worth around Bitcoin is now Remixpoint's only cryptocurrency holding, with approximately 1,506 BTC, worth around $115 million.
, as its only cryptocurrency position, The Block reported.
Remixpoint booked a profit of ¥The Japanese company booked a ¥117.8 million profit after selling its ETH, SOL, XRP and DOGE, leaving roughly 1,506 BTC as its only cryptocurrency holding.
from the sale of its ETH, SOL, XRP and DOGE holdings, according to Decrypt, which also confirmed the roughly 1,506 BTC figure now on the company’s books.
Of the altcoins sold, dogecoin was the only position that lost money for the firm, according to CoinDesk.
The moves mark a full pivot away from a diversified crypto portfolio toward a single-asset bitcoin treasury strategy for the Japanese firm.
Sources: The Block, Decrypt, CoinDesk
This article is for information only and is not financial advice.
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Story so far 3 updates
- storyJapan's Remixpoint Sells ETH, SOL, XRP and DOGE to Go All-In on Bitcoinfirst reported · 3 sourcestheblock.co · decrypt.co · coindesk.com
- storyJapan's Remixpoint Liquidates ETH, SOL, XRP and DOGE Holdings, Goes Bitcoin-Onlyupdate · 3 sourcestheblock.co · decrypt.co · coindesk.com
- storyJapan's Remixpoint Sells All ETH, SOL, XRP and DOGE Holdings to Go Bitcoin-Onlyupdate · 3 sourcestheblock.co · decrypt.co · coindesk.com
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