Bitcoin accumulation gets hot again as treasury firms ride bull wave

Corporate Bitcoin buyers moved in unison this week, with firms across Japan, France, and the UK acquiring more Bitcoins. Some have restarted stalled programs, while others have gone as far as offloading other tokens in their treasury to concentrate on Bitcoin.

While all these are happening, Bitcoin currently sits at around $76,990.

Remixpoint, a diversified energy and technology company listed on the Tokyo Stock Exchange, seems to be leading the charge in Japan, as it told regulators on Wednesday, September 2, that it had liquidated its entire altcoin book the day before and would hold nothing but Bitcoin going forward.

Remixpoint clears out everything but Bitcoin

Remixpoint said it sold 901.45 Ether (ETH), 13,920 Solana (SOL), 1.19 million XRP and 2.8 million Dogecoin (DOGE) on September 1. The combined haul came to about ¥878.8 million, which is roughly $5.5 million. Against a book value near ¥761 million, the sales booked a gain of about ¥117.8 million (around $737,000).

However, not every position paid off for the company, as it logged a ¥3.3 million loss on Dogecoin while turning a profit on the other three, its filing shows.

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