Bitcoin

Bitcoin

$77,213.55

BTC 0.28%

Ethereum

Ethereum

$2,106.63

ETH 0.42%

  • Login
  • Register
Metaverse Media Group
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
Metaverse Media Group

Japan’s Remixpoint Dumps Ethereum, XRP in Shift to Bitcoin-Only Treasury

Japan’s Remixpoint Dumps Ethereum, XRP in Shift to Bitcoin-Only Treasury

Decryptby Decrypt
2 September 2026
In brief Remixpoint sold its altcoins for ¥878.8 million ($4.47 million). The sale produced a ¥117.8 million ($598,400) gain. Sale proceeds may fund battery-storage projects and strengthen its balance sheet. Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on Sept. 1, making Bitcoin the only cryptocurrency left in its treasury.According to a public disclosure on the…

In brief

  • Remixpoint sold its altcoins for ¥878.8 million ($4.47 million).
  • The sale produced a ¥117.8 million ($598,400) gain.
  • Sale proceeds may fund battery-storage projects and strengthen its balance sheet.

Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on Sept. 1, making Bitcoin the only cryptocurrency left in its treasury.

According to a public disclosure on the company’s website, the assets sold for ¥878,814,569 ($4.47 million), against a book value of ¥761,041,920 ($3.87 million). Remixpoint realized a ¥117,772,649 ($598,400) gain, which it expects to record as business-segment revenue in the second quarter of its fiscal year ending March 31, 2027.

Myriad: Bitcoin price next move? Click to make your prediction.
Myriad: Bitcoin price next move? Click to make your prediction.

Ethereum generated a ¥60,203,121 ($305,900) profit. Solana added ¥49,304,898 ($250,500), while XRP produced ¥11,523,717 ($58,500). Dogecoin was the only losing position, recording a ¥3,259,087 ($16,500) loss.

Before the sale, the company’s Ethereum and Solana generated ¥29,874,959 ($151,800) in combined staking rewards.

Remixpoint said it decided to exit the altcoins after weighing market conditions, each asset’s risk and return, and the company’s financial strategy.

“After comprehensively considering the market environment, the risk-return characteristics of each cryptocurrency,” the company wrote. “The Company’s financial strategy, and other factors, the Company decided to sell all of the altcoins it held.”

Its cryptocurrency policy will now center on Bitcoin, a shift the company said would clarify its approach and improve capital efficiency.

Bitcoin lending generated 14.92055902 BTC in fees from Feb. 24 through Aug. 31. Those fees were valued at ¥164,218,522 ($834,300).

According to Bitcoin Treasuries, the company now holds 1,501 BTC, valued at $116.1 million, and ranked Remixpoint 38th among public-company Bitcoin holders. The different totals reflect figures reported on different dates.

Corporate Bitcoin buying has accelerated in recent weeks as public companies raise capital and concentrate more of their reserves in the asset.

In April, Metaplanet added 5,075 BTC, lifting its holdings to 40,177 BTC. In August, the Japanese company agreed to contribute 2,100 BTC and $2.5 million in cash to Super League Enterprises. Also in August, Zhibao Technology received 2,380 BTC through a $154.7 million private placement funded directly with Bitcoin.

Later that month, Strive bought 1,110 BTC for $81.5 million before adding another 1,800 BTC for roughly $143 million. At the end of August, Strategy purchased 4,603 BTC for $369.7 million, ending a roughly two-month pause in its Bitcoin purchases.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Read the full article on Decrypt.co
in Crypto
Reading Time: 5 mins read
0
0
22
VIEWS
Share on TwitterShare on Facebook

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now
ADVERTISEMENT

Related Posts

Don’t Fall for BTC-Stealing Fake Claude Apps as Fable 5.1 and Mythos 5.1 Released
Crypto

Don’t Fall for BTC-Stealing Fake Claude Apps as Fable 5.1 and Mythos 5.1 Released

51 minutes ago
22
World Adds Post-Quantum Security to New ZK Proving Toolkit
Crypto

World Adds Post-Quantum Security to New ZK Proving Toolkit

3 hours ago
23
G20 Backs Clear Regulatory Pathways for Digital Asset Growth
Crypto

G20 Backs Clear Regulatory Pathways for Digital Asset Growth

5 hours ago
22

Comments

Please login to join discussion
ADVERTISEMENT

Latest News

  • All
  • Crypto
  • NFTs
  • Technology
  • Business
Don’t Fall for BTC-Stealing Fake Claude Apps as Fable 5.1 and Mythos 5.1 Released
Crypto

Don’t Fall for BTC-Stealing Fake Claude Apps as Fable 5.1 and Mythos 5.1 Released

Bitcoin.com News
by Bitcoin.com News
51 minutes ago
22
London’s first self-driving taxis for hire hit the streets
Technology

London’s first self-driving taxis for hire hit the streets

The Guardian
by The Guardian
2 hours ago
23
World Adds Post-Quantum Security to New ZK Proving Toolkit
Crypto

World Adds Post-Quantum Security to New ZK Proving Toolkit

Bitcoin.com News
by Bitcoin.com News
3 hours ago
23
G20 Backs Clear Regulatory Pathways for Digital Asset Growth
Crypto

G20 Backs Clear Regulatory Pathways for Digital Asset Growth

Bitcoin.com News
by Bitcoin.com News
5 hours ago
22
Meta Pushes Its New AI Agent on Employees—but Eases Off on Tokenmaxxing
AI

Meta Pushes Its New AI Agent on Employees—but Eases Off on Tokenmaxxing

Wired
by Wired
6 hours ago
22
Fidelity Warns Bitcoin’s Private Keys Face Future Quantum Risk
Crypto

Fidelity Warns Bitcoin’s Private Keys Face Future Quantum Risk

Bitcoin.com News
by Bitcoin.com News
6 hours ago
22
Load More
Next Post
Bitcoin Miners Pocket $1B in August, but Halving Pain Still Lingers

Bitcoin Miners Pocket $1B in August, but Halving Pain Still Lingers

ADVERTISEMENT

Follow Us

Categories

  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
Subscribe to our Newsletter

© 2022 Metaverse Media Group – The Metaverse Mecca

Privacy and Cookie Policy | Sitemap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
Bitcoin

Bitcoin

$77,213.55

BTC 0.28%

Ethereum

Ethereum

$2,106.63

ETH 0.42%

  • Login
  • Sign Up
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe to our newsletter

Get the latest news & win monthly prizes

Subscribe to our newsletter

For the Latest News and Monthly Prize Giveaways

Join Now
Join Now