Remixpoint booked gains on ether, solana and XRP, but sold DOGE below its fiscal-year opening value as it concentrated its crypto holdings in bitcoin.
- Japan-listed Remixpoint recorded a roughly $742,000 net gain from selling its ether, solana, XRP and dogecoin holdings on Sept. 1, despite losing about $21,000 on dogecoin.
- The company said it sold the four altcoins after reviewing market conditions and their risk-return profiles, and will now focus its cryptocurrency holdings on bitcoin.
- Remixpoint retains about 1,506 bitcoin, worth more than $115 million at Thursday’s prices, as its only remaining cryptocurrency.
Japan-listed Remixpoint made money when it reported selling ether , solana (SOL) and XRP on Wednesday. Dogecoin was the exception.
The company sold 2.8 million DOGE on Sept. 1 for about $234,000, roughly $21,000 below its fiscal-year opening book value. Ether produced a $379,000 gain, solana $311,000 and XRP about $72,000, leaving Remixpoint with a roughly $742,000 gain across the four positions.
The DOGE loss is measured against the value at which Remixpoint carried the position at the start of its current fiscal year, rather than its original purchase cost. The company sold all four altcoins on the same day.
The loss stands out because dogecoin is no fringe token in Japan. DOGE has been traded on registered Japanese crypto exchanges since 2022, and the Japan Virtual and Crypto Assets Exchange Association, the industry’s recognized self-regulatory body, began publishing an official DOGE/JPY reference price this year alongside bitcoin, ether, XRP, and solana.
Remixpoint said it sold the four tokens after reviewing market conditions and their risk-return characteristics, and will now concentrate its crypto holdings in bitcoin.
The company still owns about 1,506 BTC, worth over $115 million at Thursday prices, making bitcoin its only remaining cryptocurrency.
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Anvil: The Missing Collateral Layer
Anvil: The Missing Collateral Layer
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
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