enish Sells All 8 BTC for SOL Treasury, WSOP Adds Solana Payments, CLARITY Act Advances
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AI SummaryAI
- enish sold its entire 8.063 BTC on June 9, raising ¥79.265 million and booking a ¥6.222 million loss to fund a SOL treasury.
- enish's roughly ¥720 million Active Treasury Business pivots from a passive DAT 1.0 model to a yield-generating DAT 2.0 strategy built on SOL staking.
- Solana Institute CEO Kristin Smith and 60+ executives, including Anatoly Yakovenko, urged the Senate to keep developer protections in the CLARITY Act.
- The Solana Foundation partnered with the World Series of Poker for zero-fee SOL buy-ins via MoonPay, with stablecoin payouts starting in December.
This summary was AI-generated, AI-reviewed and published under COINOTAG editorial oversight.
Solana News
Tokyo Stock Exchange Standard-listed game developer enish disclosed on June 9 that it had liquidated its entire blockchain-asset holding of 8.063 BTC. According to the company's investor-relations disclosure, the sale raised ¥79.265 million against a March-end book value of ¥85.487 million, producing a ¥6.222 million loss to be booked as a non-operating expense in the second quarter of its December 2026 fiscal year. enish had acquired the coins in April 2025 for ¥104 million and confirmed it now holds no Bitcoin. Management framed the divestment as a deliberate step to free up capital for a Solana-centric treasury program rather than a retreat from digital assets.
The proceeds are earmarked for what enish calls its "Active Treasury Business," a roughly ¥720 million program built around SOL as a core digital asset. The company distinguishes between a passive "DAT 1.0" model that depends on unrealized price gains and a yield-generating "DAT 2.0" approach designed to pair revenue creation with business growth. By rotating out of Bitcoin and into an altcoin with native staking, enish aims to capture recurring income instead of relying solely on appreciation. The board also resolved to consider acquiring and holding additional crypto assets, including stablecoins, as market conditions and its strategy evolve.
Alongside the sale, enish opened discussions with SOL Planet, a Solana-focused strategy firm established in November 2025 that provides validator and treasury support to corporate clients. The talks center on SOL Planet's "Solplanet White Label Validation Program," which lets companies build and operate Solana validators under their own brand. Coverage spans node construction and monitoring, staking and delegation design, and on-chain visibility of operations. enish intends to use this expertise to upgrade staking of its SOL holdings, pursue external delegation, and explore launching its own white-label validation service across the network.
SOL Planet's team brings more than four years of validator operation, reportedly including one of the largest delegation pools among Japan-linked validators—experience enish hopes to leverage as it scales its infrastructure. To fund the broader push, the firm is drawing not only on the Bitcoin sale but also on a capital raise announced April 27, comprising third-party-allotment stock acquisition rights and unsecured private bonds. Neither company has finalized a service launch, revenue plan, or formal partnership agreement, and the two disclosed no existing capital, personnel, or transactional ties. enish expects the venture's near-term impact on full-year results to remain limited.
On the policy front, Solana Institute CEO Kristin Smith urged the US Senate to pass the CLARITY market-structure bill with developer protections intact, arguing open-source builders and infrastructure providers should not be regulated as financial intermediaries. More than 60 crypto executives and founders, including Solana co-founder Anatoly Yakovenko, signed an open letter backing those safeguards. Smith stressed that validators are not brokers and that non-custodial wallet providers never touch user funds. She also pressed for the Blockchain Regulatory Certainty Act, which would shield developers from money-transmitter classification. The CLARITY Act cleared the Senate Banking Committee in May and awaits a possible floor vote this summer.
Adoption momentum continued as the Solana Foundation unveiled a collaboration with the World Series of Poker, letting players buy into tournaments using SOL or Solana-based stablecoins with zero processing fees through payments firm MoonPay. The integration debuts at the Las Vegas series, with stablecoin payouts arriving in December at WSOP Paradise in the Bahamas. Organizers framed the move as a way to streamline cross-border transactions for an international player base and deliver near-instant settlement. For a network increasingly positioned around consumer-facing DeFi and payments, embedding SOL into one of gaming's most prominent live circuits broadens its real-world utility beyond trading.
COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $64.50 support at 80/100 (STRONG), driven by the confluence of a Pivot Point, the Fibonacci 0.114 retracement and a high-volume node, with the next floor at $60.13 (76/100). On the upside, the engine scores $69.10 resistance at 67/100 (ATR Upper, Fibonacci 0.236, R2) and $66.06 at 62/100 (R1, Doji, MACD Cross). With RSI at 26.91 (oversold), a bearish MACD and a confirmed downtrend, momentum is weak, and the Fear & Greed Index sits at 9 amid a broader bear-market backdrop. Yet derivatives show a long/short account ratio of 3.69 (78.7% long), $1.41 billion in open interest and a mildly positive 0.0018% funding rate. A hold above $64.50 keeps a relief rally toward $69.10 alive; a daily close below $60.13 invalidates the bullish case.
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AI-generated, AI-reviewed, under COINOTAG editorial oversight.
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