Japanese game company Enish liquidated its Bitcoin holdings at a loss and shifted its funding strategy to staking within the Solana ecosystem.

PANews reported on June 11 that, according to Cryptopolitan, Japanese game company Enish sold off all of its 8,063 Bitcoins at a loss of approximately $160,000 and switched to a staking strategy within the Solana ecosystem, targeting an annualized return of 6% to 8%. The company stated that the DAT 1.0 strategy, which relied on rising cryptocurrency prices, became increasingly unsustainable due to market volatility, while the DAT 2.0 strategy, which generates continuous revenue through staking and validator operations, is becoming a new direction.

Enish plans to use approximately $46,000 from the sale of Bitcoin and the issuance of warrants and bonds for its Solana validator operations. It has already contacted Solplanet, a Japanese Solana infrastructure provider, to utilize its white-label validator program. This makes it the second publicly traded company in ten days to abandon its plan to accumulate Bitcoin reserves.

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Author: PA一线

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