According to ChainCatcher, citing a Cryptopolitan report, Japanese game company Enish has sold all 8.063 Bitcoin it held. The sale was completed at a loss of about $160,000, ending the company’s previous Bitcoin reserve position and marking a shift toward a Solana ecosystem staking strategy.
Enish said its earlier DAT 1 strategy, which depended on gains from rising crypto-asset prices, has become increasingly difficult to maintain under market volatility. The company is now moving toward what it calls a DAT 2 strategy, focused on generating recurring revenue through staking and validator operations rather than relying on asset appreciation alone.
The company’s stated target annualized return for the Solana staking strategy is between 6% and 8%. Under the new approach, Enish plans to put funds obtained from selling Bitcoin, as well as from issuing warrants and bonds, into Solana validator operations. The reported amount allocated for this purpose is about $46,000.
To support the validator plan, Enish has contacted Solplanet, a Japan-based Solana infrastructure provider. The company plans to use Solplanet’s white-label validator program, which aligns with its stated move toward validator operations and staking-related income within the Solana ecosystem.
The report also noted that Enish is the second listed company in ten days to abandon a strategy of accumulating Bitcoin reserves. In Enish’s case, the company has framed the change as a move away from a holding-based crypto treasury model and toward a Solana-focused DAT 2 model centered on staking, validator operations, and recurring revenue.