Remixpoint has sold its entire altcoin portfolio for ¥878.8 million, leaving the Japanese listed company with roughly 1,506 Bitcoin as its only cryptocurrency holding.
Summary
- Remixpoint sold all of its ETH, SOL, XRP and DOGE holdings on September 1 for ¥878.8 million.
- The transactions generated a combined realized profit of ¥117.8 million, which will be booked as business segment revenue in the second quarter.
- Remixpoint now holds only Bitcoin in its crypto portfolio, with its balance standing at approximately 1,506 BTC.
- The company plans to consider using the sale proceeds for grid scale battery assets, strengthening its finances and other corporate measures.