A Japanese company has exited its positions in Ethereum, Solana and XRP despite generating a profit on those holdings, according to CryptoSlate. The sales produced ¥878.8 million in proceeds and left the company’s cryptocurrency portfolio concentrated entirely in Bitcoin. Its remaining Bitcoin holdings are valued at $121 million. Management has not indicated that the sale proceeds will necessarily be reinvested in digital assets, and may allocate the cash outside the crypto market. The move highlights a deliberate shift toward maintaining Bitcoin exposure while removing other cryptocurrencies from the portfolio. No further details on the timing or execution of the transactions were provided in the supplied report.
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CryptoSlate
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