Remixpoint exits altcoins for Bitcoin focus

• Remixpoint (TSE:3825) sold all its altcoins and will now focus on Bitcoin.
• The sales generated ¥117.8 million in gains, despite a ¥3.3 million Dogecoin loss.
• The company plans to consider using the proceeds for energy storage and other growth areas.

Remixpoint sold all its altcoins on September 1 and will now focus its cryptocurrency holdings on Bitcoin.

The sales covered Ethereum (CRYPTO:ETH), Solana (CRYPTO:SOL), XRP (CRYPTO:XRP) and Dogecoin (CRYPTO:DOGE), generating ¥117.8 million in total gains.

Remixpoint did not provide an executive quote in its September 2 disclosure, so this paragraph moves directly into the financial details.

The company sold 901.45 ETH for ¥353.4 million, generating a ¥60.2 million gain, according to its disclosure.

It also sold 13,920.07 SOL and 1.19 million XRP, generating gains of ¥49.3 million and ¥11.5 million respectively.

Dogecoin was the only losing position, with 2.8 million DOGE sold for ¥37.1 million against a ¥40.3 million book value.

Remixpoint now holds about 1,506 BTC and plans to consider using the sale proceeds for grid-scale batteries and other growth initiatives.

At the time of reporting, Ethereum price was $2,394.28.