TL;DR:
- Japanese developer Enish liquidated its total position of 8.063 Bitcoin with an approximate cumulative loss of 24.7 million yen.
- The company’s active treasury project will reallocate about 720 million yen toward the network’s transaction validation infrastructure.
- MicroStrategy and Metaplanet recorded operational variations and drops in their net asset value metrics in early June 2026.
The Japanese video game company Enish liquidated all of its Bitcoin reserves after recording financial losses, with the aim of redirecting its capital toward Solana staking. The firm completely changed its corporate treasury strategy in the face of a prolonged volatile season in the digital asset market.
Japanese-listed game developer Enish Inc. (Tokyo Stock Exchange: 3667.T) sold its entire Bitcoin holdings of 8.063 BTC and is pivoting to a Solana-focused “Digital Asset Treasury 2.0” (DAT 2.0) strategy centered on staking and validator operations.
— MartyParty (@martypartymusic) June 10, 2026
Strategic shift toward validation yields
Official information reveals that Enish sold a total of 8.063 Bitcoin (BTC) for an estimated value of 79.27 million yen, the equivalent of about $510,000 dollars. The assets had originally been acquired in April 2025 for an amount close to 104 million yen. As a direct consequence of this sale, the transaction resulted in an overall loss of 24.7 million yen, of which only 6.22 million yen will affect the current quarter as a non-operating expense due to previous balance sheet revaluations.
The internal regulatory shift responds to a structural transformation in its investment approach. The previous strategy, called DAT 1.0, was based exclusively on the price appreciation of cryptocurrencies in the open market. Enish’s official documents indicate that this traditional model has become complex to sustain due to current price fluctuations. For this reason, the new DAT 2.0 guideline will seek to generate continuous income streams through block rewards and operational transaction processing.
Challenges in corporate Bitcoin treasuries
Enish’s exit from the pioneer crypto ecosystem coincides with a review period for several global public firms. Data from the 8-K report of the U.S. corporation MicroStrategy revealed that the entity disposed of 32 BTC between May 26 and 31, 2026, for tax optimization purposes. This $2.5 million sale marked the first balance sheet reduction since late 2022 for the world’s largest corporate holder, which still cushions 843,706 BTC.
On the other hand, the Japanese firm Metaplanet experienced a decline in its mNAV metric down to the 0.90 points level. This technical indicator evaluates the company’s market capitalization against its real net asset value. A financial analysis by Sandmark points out that a ratio below unity reflects that stock market investors are trading shares below the net value of the cryptocurrencies in reserve—a scenario that pushes management to evaluate institutional share buyback programs.
Technical structure and profitability projections The software firm’s new Active Treasury plan has an estimated budget of 720 million yen, funded through the liquidation of reserves and the issuance of corporate bonds. According to the Sandmark report, the estimated annual yields for validators within the selected network typically range between 6% and 8%.
To implement the required technical infrastructure, Enish formalized business talks with local blockchain service provider Solplanet in order to use its specialized white-label program. This technological modality empowers publicly traded companies to operate validator nodes under their own corporate identity while delegating daily technical maintenance. BigGo Finance records confirm that the board of directors’ regulatory modifications were submitted for final ratification during the extraordinary shareholders’ meeting held on June 9, 2026.
