Japan-listed Remixpoint has narrowed its cryptocurrency portfolio to Bitcoin after selling its holdings of ether, Solana, XRP and Dogecoin. Three of the four altcoin sales generated profits, while DOGE was the only position sold below its fiscal-year opening value.
Remixpoint said Wednesday that it sold 2.8 million DOGE on Sept. 1 for approximately $234,000. The transaction was about $21,000 below the book value assigned to the holding at the start of the company’s current fiscal year.
The other three sales were profitable. Remixpoint recorded a gain of roughly $379,000 on ether, $311,000 on Solana and $72,000 on XRP. After accounting for the Dogecoin loss, the combined result from the four positions was a gain of about $742,000.
The DOGE loss is based on its fiscal-year opening book value, not the price Remixpoint originally paid to acquire the tokens. The company disposed of all four altcoin holdings on the same day.
Dogecoin’s loss is notable given its established position in Japan’s digital-asset market. Registered Japanese crypto exchanges have supported DOGE trading since 2022. The Japan Virtual and Crypto Assets Exchange Association, the industry’s recognized self-regulatory organization, also began publishing an official DOGE/JPY reference price this year, alongside reference prices for Bitcoin, ether, XRP and Solana.
According to Remixpoint, the decision followed an assessment of prevailing market conditions and the risk-return characteristics of the four cryptocurrencies. The company now plans to concentrate its digital-asset exposure solely on Bitcoin.
Remixpoint retains approximately 1,506 BTC, with the holdings valued at more than $115 million based on Thursday’s prices. Bitcoin is now the company’s only cryptocurrency asset.
