Tokyo Stock Exchange-listed enish said its board has approved the purchase of Solana (SOL) as part of the company’s Decentralized Autonomous Treasury, or DAT, business, with the first-stage allocation capped at 100 million yen. The company had previously disclosed a plan to use part of a 640 million yen fundraising round to buy SOL, and the latest decision represents the initial step in carrying out that plan. According to the announcement carried by Techub News and attributed to CoinPost, the purchases are scheduled to take place within one month from the date of the board resolution. The exact amount of SOL to be acquired has not been fixed in advance and will depend on market prices at the time of purchase. The disclosure ties the board decision directly to enish’s previously announced treasury plan and sets a clear upper limit for this phase.
Tokyo Stock Exchange-listed enish said its board has approved the purchase of Solana (SOL) as part of the company’s Decentralized Autonomous Treasury, or DAT, business. The first-stage purchase is capped at 100 million yen.
The company had previously announced plans to use part of its 640 million yen fundraising proceeds to buy SOL. This latest move is the first stage of that plan’s execution.
The purchases will be made within one month from the date of the resolution, while the exact amount of SOL to be acquired will be determined based on market prices. The report was cited by Techub News and attributed to CoinPost.
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