Japanese listed IT and crypto services company Remixpoint disclosed in its latest earnings report that it sold part of its altcoin holdings, including Dogecoin, and used the proceeds to boost its Bitcoin position. Dogecoin was the only asset in the portfolio that posted a loss. The firm generated about ¥1 billion ($6.7 million) in profit from crypto trading last fiscal year.
Japanese listed IT and crypto services company Remixpoint disclosed in its recent earnings report that it has sold some of its altcoin holdings, including Dogecoin, and used the proceeds to increase its Bitcoin position. The company said Dogecoin was the only asset in its portfolio that posted a loss.
Remixpoint generated about 1 billion yen ($6.7 million) in profit from its crypto trading business in the previous fiscal year. The portfolio adjustment is part of its strategy to optimize its investment mix. (CoinDesk)
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