CoinDesk
Remixpoint sold 2.8 million DOGE for about $234,000 on Sept. 1, booking a roughly $21,000 loss against the coin's fiscal-year opening value. The Japan-listed firm gained about $379,000 on ETH, $311,000 on SOL and $72,000 on XRP, leaving a roughly $742,000 net gain across the four sales. It now holds about 1,506 BTC, worth more than $115 million at Thursday's prices, as its only remaining cryptocurrency.
Why it matters
Remixpoint's result is a portfolio-construction signal as much as a trading result. DOGE was the only position sold below its fiscal-year opening value, while gains on ETH, SOL and XRP more than offset the loss. The company said it reviewed market conditions and risk-return characteristics before deciding to focus its cryptocurrency holdings on Bitcoin.
The move is notable in Japan because DOGE is not a fringe listing there. Registered Japanese crypto exchanges have traded DOGE since 2022, and the Japan Virtual and Crypto Assets Exchange Association began publishing an official DOGE/JPY reference price this year alongside Bitcoin, Ether, XRP and Solana.
Market impact
All four altcoin positions were sold on the same day, so the roughly $742,000 gain reflects realized sales rather than an unrealized valuation change. The DOGE loss is measured against the fiscal-year opening book value, not necessarily the original purchase price.
With about 1,506 BTC worth more than $115 million, Bitcoin is now the company's only remaining cryptocurrency. For investors, future changes in Remixpoint's BTC balance will be the clearest measure of whether it is deepening or reversing this allocation.
Frequently asked questions
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How did ETH, SOL and XRP affect Remixpoint's overall result?
ETH generated about $379,000, SOL $311,000 and XRP about $72,000. Those gains more than offset the roughly $21,000 DOGE loss and produced the reported roughly $742,000 net gain.
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How was Remixpoint's DOGE loss measured?
The roughly $21,000 loss was measured against the value Remixpoint carried the DOGE position at the start of its fiscal year, not necessarily its original purchase cost.
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Why does the DOGE sale stand out in Japan?
DOGE has traded on registered Japanese crypto exchanges since 2022. The Japan Virtual and Crypto Assets Exchange Association also began publishing an official DOGE/JPY reference price this year.
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How large is Remixpoint's remaining Bitcoin position?
Remixpoint retains about 1,506 BTC worth more than $115 million at Thursday's prices. Bitcoin is its only remaining cryptocurrency.
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What factors did Remixpoint cite for changing its crypto allocation?
The company said it reviewed market conditions and the risk-return characteristics of the four positions. It then decided to focus its cryptocurrency holdings on Bitcoin.
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