Japan-listed enterprise Remixpoint realized profits when it announced the divestment of ether ETH ($2,408.33), solana (SOL), and XRP on Wednesday, with dogecoin DOGE ($0.08303) standing as the sole outlier.
On Sept. 1, the firm offloaded 2.8 million DOGE for approximately $234,000, incurring a deficit of roughly $21,000 relative to its opening book value for the fiscal year. In contrast, ether generated a profit of $379,000, solana contributed $311,000, and XRP yielded about $72,000, culminating in an aggregate gain of around $742,000 across all four holdings.
The loss recorded on DOGE was calculated against the asset’s valuation on Remixpoint’s balance sheet at the start of the ongoing fiscal year rather than its initial acquisition price. All four alternative cryptocurrencies were liquidated on the exact same date.
This financial loss is notable given that dogecoin enjoys mainstream legitimacy within Japan. DOGE has traded on licensed Japanese crypto platforms since 2022, and the nation’s certified self-regulatory entity, the Japan Virtual and Crypto Assets Exchange Association, introduced an official DOGE/JPY reference benchmark this year alongside bitcoin, ether, XRP, and solana.
Remixpoint stated that the decision to liquidate the four tokens followed an evaluation of market trends and their individual risk-reward dynamics, and it will henceforth direct its cryptocurrency reserves exclusively into bitcoin.
The enterprise continues to hold approximately 1,506 BTC, valued at over $115 million based on Thursday’s market rates, leaving bitcoin as its single remaining digital asset holding.
Originally published at https://www.coindesk.com/markets/2026/09/03/dogecoin-becomes-losing-bet-for-japan-listed-firm-remixpoint-as-it-sells-altcoins-for-bitcoin.
