Japan-listed Remixpoint made cash when it reported promoting ether ETH$2,404.40, solana (SOL) and $XRP on Wednesday. Dogecoin $DOGE$0.08115 was the exception.
The corporate bought 2.8 million $DOGE on Sept. 1 for about $234,000, roughly $21,000 beneath its fiscal-year opening e book worth. Ether produced a $379,000 acquire, solana $311,000 and $XRP about $72,000, leaving Remixpoint with a roughly $742,000 acquire throughout the 4 positions.
The $DOGE loss is measured in opposition to the worth Remixpoint carried the place at when its present fiscal 12 months started, somewhat than its unique buy price. The corporate bought all 4 altcoins on the identical day.
The loss stands out as a result of dogecoin isn’t any fringe token in Japan. $DOGE has been traded by registered Japanese crypto exchanges since 2022, and the Japan Digital and Crypto Property Trade Affiliation, the business’s acknowledged self-regulatory physique, started publishing an official $DOGE/JPY reference worth this 12 months alongside bitcoin, ether, $XRP and solana.
Remixpoint stated it bought the 4 tokens after reviewing market circumstances and their risk-return traits, and can now focus its crypto holdings in bitcoin.
The corporate nonetheless owns about 1,506 BTC, value over $115 million at Thursday costs, making bitcoin its solely remaining cryptocurrency.
