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XRP Dumped As Remixpoint Goes All-In On Bitcoin

Published by
Anjali Belgaumkar

Japanese listed company Remixpoint offloaded its entire altcoin portfolio on September 1, selling roughly 901.45 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE for a combined ¥879 million. The sale netted the firm about ¥118 million in profit. Bitcoin now stands as Remixpoint’s only crypto holding, with the company sitting on approximately 1,506 BTC. Remixpoint, Japan’s second-largest digital asset treasury company behind Metaplanet, said the move consolidates its holdings around a single-asset strategy going forward, shifting fully to a Bitcoin-focused approach for its crypto operations.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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