Big cleaning of the treasury. Remixpoint, a company listed on the Tokyo Stock Exchange, has closed all of its positions in Ethereum, Solana, XRP and Dogecoin. Proceeds from sale: 878.8 million yen, or approximately $5.5 million at the September 1 exchange rate, for a book value of 761 million yen. On the balance sheet, there is only one digital asset left, Bitcoin. The decision goes against the fashion for multi-asset treasuries which has gripped listed companies, between vehicles dedicated to Ethereum and vehicles dedicated to Solana. Remixpoint goes the opposite way and assumes concentration.
Key Points
Remixpoint sold all of its altcoins for 878.8 million yen (about $5.5 million), with $737,000 in net capital gain
Ethereum, Solana and XRP end in profit, Dogecoin is the only losing line with $20,000 in value
Japanese company keeps around 1,506 BTC, makes almost $1 million from bitcoin loan in six months
Metaplanet, Zhibao Technology, Strive and Strategy continue their purchases of bitcoins in parallel
An altcoin exit completed with $736,000 in capital gains
The details appear in the regulatory publication posted online by the company. Ethereum generated 60.2 million yen in capital gains, approximately $376,000. Solana follows with 49.3 million yen, almost $308,000, ahead of XRP and its 11.5 million yen, around $72,000. Dogecoin brings up the rear, the only line in the red, with a loss of 3.26 million yen, or a little more than 20,000 dollars evaporated.
Net balance of the transaction: 117.7 million yen, approximately $736,000, which Remixpoint expects to recognize in the second quarter of its fiscal year ending March 31, 2027.
The positions were not asleep. Prior to their divestiture, Ethereum and Solana had earned 29.9 million yen in cumulative staking rewards, or approximately $187,000. The justification is contained in one sentence, as sober as a Japanese company report:
“After comprehensively reviewing the market environment, the risk and return characteristics of each cryptocurrency, the Company's financial strategy and other factors, the Company has decided to sell all of the altcoins it held. »
Remixpoint, regulatory communication to shareholders – Source: remixpoint.co
Proceeds from the sale should not necessarily be used to purchase more bitcoins. In particular, Remixpoint plans to finance large-scale electricity storage projects, strengthen its balance sheet or support other activities that could increase the value of the company.
1,506 BTC and a spinning loan book
After the sale, Remixpoint reports holding approximately 1,506 BTC. The specialized site Bitcoin Treasuries lists 1,501 as of August 19, valued at around $116 million, which places the company 38th in the world among listed companies holding bitcoins. The difference between the two totals is explained by the update dates used.
The treasure works too. From February 24 to August 31, bitcoin lending generated 14.92055902 BTC in revenue, valued at 164.2 million yen, or just over $1 million. This amount alone exceeds the total capital gain generated by the liquidation of the four altcoins, which sheds light on the financial arbitrage: a single asset, a revenue channel and a simplified accounting reading.
Remixpoint is not a newcomer to the landscape. The group launched BITPoint Japan in 2016. The platform suffered a hack in 2019 involving around 3.5 billion yen in cryptocurrencies. Remixpoint then sold 51% to the SBI group in 2022, then the balance in 2023.
The company also announced that its president Takashi Tashiro would economically receive his entire compensation in bitcoins. Legally, this remains paid in yen: Remixpoint then buys the equivalent in BTC before transferring it to the manager's wallet.
Tokyo sets the pace, the treasuries follow
Japan remains one of the most active markets in this area. Metaplanet acquired 5,075 BTC in the first quarter of 2026 to increase its reserves to 40,177 BTC. Its stock then reached 43,000 BTC before the announcement in August of a deal providing 2,100 BTC and $2.5 million to Super League Enterprises. The operation, which should transform this company listed on the Nasdaq into an American Bitcoin treasury platform, remains subject to its finalization.
The Japanese tax framework has become more flexible at the same time. The reform which entered into force in 2024 extended the exemption from annual taxation of unrealized capital gains to certain cryptoassets issued by third parties. This exemption is, however, not general: it presupposes in particular transfer restrictions and an intention of long-term conservation.
