Japan · Ethereum · U.S. Treasury · Bitcoin · Decrypt
Japan’s Remixpoint Dumps Ethereum, XRP in Shift to Bitcoin-Only Treasury
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Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin on Sept. 1, making Bitcoin the only cryptocurrency left in its treasury.
Key facts
- Later that month, Strive bought 1,110 BTC for $81.5 million before adding another 1,800 BTC for roughly $143 million
- According to a public disclosure on the company’s website, the assets sold for ¥878,814,569 ($4.47 million), against a book value of ¥761,041,920 ($3.87 million)
- Solana added ¥49,304,898 ($250,500), while XRP produced ¥11,523,717 ($58,500)
- In August, the Japanese company agreed to contribute 2,100 BTC and $2.5 million in cash to Super League Enterprises
Summary
Remixpoint sold its altcoins for ¥878.8 million ($4.47 million). The sale produced a ¥117.8 million ($598,400) gain. According to a public disclosure on the company’s website, the assets sold for ¥878,814,569 ($4.47 million), against a book value of ¥761,041,920 ($3.87 million). Ethereum generated a ¥60,203,121 ($305,900) profit.