MarketPR
Tokyo Stock Exchange-listed game developer enish has liquidated its entire $BTC position — 8.063 Bitcoin — receiving roughly 79.27 million yen and absorbing a loss of approximately 6.22 million yen on the trade.
The sale marks a deliberate reallocation away from $BTC as the company reorients its digital-asset treasury toward $SOL.
What the On-Chain Move Actually Tells Us The numbers are unambiguous: enish did not trim or partially rotate its Bitcoin position.
A loss of 6.22 million yen against proceeds of 79.27 million yen implies the company carried its $BTC at a cost basis above the liquidation price — meaning it bought higher and sold lower, a detail that complicates the narrative of a purely strategic treasury upgrade.
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