Remixpoint crypto portfolio swings to $15.4M unrealised gain
- Remixpoint’s crypto portfolio moved from a ¥1.945 billion loss to a ¥2.631 billion unrealised gain.
- The gain was worth about $15.4 million as of 24 August.
- The Japanese company holds Bitcoin, Ethereum, Solana, XRP and Dogecoin.
Remixpoint reported that its entire crypto portfolio had moved into unrealised gains as of 9:00 a.m. UTC on 24 August.
The company reported total unrealised gains of ¥2.631 billion, or about $15.4 million.
The result marks a sharp reversal from the ¥1.945 billion unrealised loss recorded at the end of June.
Remixpoint holds 1,503 Bitcoin (CRYPTO:BTC), 901 Ethereum (CRYPTO:ETH) and 13,920 Solana (CRYPTO:SOL).
Its portfolio also includes 1,191,204 XRP (CRYPTO:XRP) and 2,802,311 Dogecoin (CRYPTO:DOGE).
The company has not disclosed the cost basis for each individual cryptocurrency holding.
The portfolio shift reflects the recent rise in crypto prices, but the gains remain unrealised until the company sells its holdings.
At the time of reporting, Bitcoin price was $77,057.42.
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