Japanese game company Enish liquidated its Bitcoin holdings at a loss and is strategically shifting its funding towards staking within the Solana ecosystem.

According to Cryptopolitan, Japanese gaming 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 strategy, which relies on rising cryptocurrency prices, is becoming increasingly unsustainable in volatile markets, while the DAT 2 strategy, which generates sustainable 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 Solana validator operations and has already contacted Solplanet, a Japanese Solana infrastructure provider, to utilize its white-label validator program. This is the second publicly traded company to abandon its Bitcoin reserves within ten days.