Remixpoint has reduced its crypto exposure to Bitcoin after selling four altcoins, with ether, Solana and XRP generating profits while Dogecoin was the only asset sold below its fiscal-year opening value.

The Japan-listed firm said Wednesday that it disposed of 2.8 million DOGE on Sept. 1 for around $234,000. The sale price was approximately $21,000 below the position’s book value at the beginning of the current fiscal year.

The remaining altcoin sales were profitable. Remixpoint earned about $379,000 from its ether sale, $311,000 from Solana and roughly $72,000 from XRP. Overall, the four transactions generated a combined gain of approximately $742,000 after factoring in the DOGE loss.

Remixpoint’s reported Dogecoin loss is based on the asset’s fiscal-year opening book value rather than its original acquisition price. The company sold all four altcoins on Sept. 1.

The DOGE sale is noteworthy because the token has a well-established presence in Japan. Registered domestic crypto exchanges have offered Dogecoin trading since 2022. This year, the Japan Virtual and Crypto Assets Exchange Association, Japan’s recognized crypto industry self-regulatory body, also began publishing an official DOGE/JPY reference price alongside Bitcoin, ether, XRP and Solana.

Remixpoint said its decision followed an evaluation of market conditions and the risk-return profiles of the four cryptocurrencies. The company now intends to focus its crypto portfolio exclusively on Bitcoin.

It holds roughly 1,506 BTC, worth more than $115 million at Thursday’s prices. With the altcoin positions now sold, Bitcoin is the company’s sole remaining cryptocurrency holding.