Japan-listed company Remixpoint has disclosed that it sold all of the altcoins in its portfolio as it moves toward a more concentrated investment strategy. The company said its future holdings and operations will focus on Bitcoin as a single asset. As of the end of August, Remixpoint held about 14.92 BTC, valued at approximately $1.0258 million. Its disclosed staked ETH position was worth about $68,400, while its staked SOL position was valued at about $118,500. The assets sold included 901 ETH, 13,920 SOL, 1.19 million XRP and 2.8 million DOGE. The combined sale value was about $5.5 million, generating total profits of approximately $736,800. The disclosure was reported by Odaily. The company did not provide additional details on the timing of each sale or disclose any other assets in the statement described here. Its stated direction is to consolidate both its portfolio holdings and operations around Bitcoin after exiting the listed altcoin positions.
Remixpoint exits its altcoin holdings
Japan-listed company Remixpoint has disclosed that it sold all of the altcoins it held as part of an effort to select and concentrate its investment portfolio. The company said its future holdings and operations will focus on Bitcoin as a single asset.
As of the end of August, Remixpoint held about 14.92 BTC, valued at approximately $1.0258 million. The company also disclosed staked ETH valued at about $68,400 and staked SOL valued at about $118,500.
Assets sold and reported profit
The assets sold included 901 ETH, 13,920 SOL, 1.19 million XRP and 2.8 million DOGE. The combined sales totaled about $5.5 million, while total profits were approximately $736,800.
Odaily reported the disclosure. No additional details on the timing of the individual sales were provided in the information described here.
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