Japanese technology company Remixpoint, known for its activities in the digital assets sector, has taken a radical step by completely liquidating its altcoin portfolio. Now the firm's treasury strategy is built around a single crypto asset — bitcoin. This decision reflects a growing trend among corporate investors to concentrate reserves in the most liquid and institutionally recognized digital currency.
The transaction was carried out on September 1. The company sold significant volumes of digital coins: 901.45 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE. Total revenue from the sale amounted to ¥878.8 million (approximately $5.5 million). At the same time, net profit from the operation reached ¥117.8 million (~$737,000), exceeding the total book value of these assets, which was estimated at ¥761 million (~$4.76 million). This result demonstrates a favorable moment for exiting positions, captured amid market volatility.
After the completion of the sale, Remixpoint's balance sheet retained approximately 1,506 BTC. Notably, the company not only holds bitcoin but also actively uses it to generate income. During the period from February 24 to August 31, the firm received 14.92 BTC as fees from bitcoin lending operations. In fiat equivalent, this brought ¥164.2 million in additional revenue, highlighting the effectiveness of passive earnings on digital gold.
This step appears to be a logical continuation of the global trend in which public companies abandon speculative multi-asset strategies in favor of time-tested bitcoin. For Remixpoint, this is not just risk diversification but a clear signal to the market that corporate treasuries are increasingly viewing BTC as a strategic reserve asset rather than a tool for short-term trading.
My expert view: Liquidating altcoins in favor of bitcoin is not only portfolio optimization but also an acknowledgment that, amid regulatory uncertainty and the high correlation of altcoins with BTC, holding less liquid coins is becoming increasingly risky. The profit of ¥117.8 million shows that the company knows how to exit positions in a timely manner, but now all its crypto successes will depend solely on the dynamics of the first cryptocurrency.