Crypto World
Japan's Remixpoint Dumps XRP, ETH, SOL and DOGE to Go All-In on Bitcoin
Japanese firm Remixpoint sold its entire altcoin portfolio in a single session on September 1, pocketing a ¥117.77 million ($598,400) profit while consolidating its crypto treasury exclusively into Bitcoin.
The move marks a sharp reversal from a diversification bet the company made just months earlier.
From Altcoin Diversification to a Bitcoin-Only Standard
Back in June, Remixpoint pursued a different strategy entirely. Seeking to protect capital from a weakening yen, the company built a position of roughly 1.2 million XRP tokens while also adding Solana and Dogecoin to its balance sheet.
Internal financial models at the time projected that revenue from that crypto segment would reach up to ¥12.44 billion ($63.21 million). Management’s thinking shifted over the summer, however, after assessing the market risks and volatility tied to holding multiple altcoins.
Leadership settled on what the company called a selection-and-concentration strategy. On September 1, Remixpoint liquidated all its altcoin positions in a single trading day.
Follow us on X to get the latest news as it happens.
The total transaction value reached ¥878.81 million ($4.47 million), against a book value of ¥761.04 million ($3.87 million) at the start of the period, producing that net profit. Results varied sharply by asset.
Ethereum delivered the largest gain at ¥60.20 million ($305,900), followed by Solana at ¥49.30 million ($250,500), with both tokens also generating ¥29.87 million ($151,800) combined in staking rewards. XRP contributed a smaller ¥11.52 million ($58,500) profit, while Dogecoin posted the only loss, at ¥3.25 million ($16,500).
Remixpoint plans to direct the realized profit toward its core energy business, expanding its fleet of industrial battery storage systems and strengthening its overall financial position.
Why Bitcoin Won Out Over the Rest
Remixpoint’s crypto holdings now consist exclusively of approximately 1,506 BTC. Company leadership framed the decision as pragmatic rather than ideological, pointing to Bitcoin’s ability to generate stable passive income through lending.
Between February and August 2026, the firm’s Bitcoin lending program accumulated 14.92 BTC in interest, generating ¥164.21 million ($834,300) without requiring any sale of the underlying asset.
That yield advantage helped tip the balance away from altcoins, which offered price exposure but little in the way of an equivalent income mechanism. The company’s brief diversification experiment has effectively ended, with its capital now consolidated around a single asset.
Remixpoint’s pivot reflects a broader pattern among Japanese corporate treasuries navigating currency weakness and seeking yield, though few have reversed course this decisively in such a short window.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.
The post Japan's Remixpoint Dumps XRP, ETH, SOL and DOGE to Go All-In on Bitcoin appeared first on BeInCrypto.
You must be logged in to post a comment Login