Sol Strategies, a Canadian investment company, has released 500 million dollars of convertible notes to buy and participate in the distinctive symbols (Sol).
A 500 million dollar version has been released to a unique investor, ATW Partners, a New York -based investment company. SOL spokesman Sol strategies on growth shares and organized capital of companies all over the public and private markets said.
A spokesman for the Sol Strategies said that the company focuses on building the infrastructure of the Solana’s institutional class, rather than responding to the short -term price fluctuation.
According to To an advertisement on April 23, the STKING -created return on both Sol and ATW partners will return. Sol Strategies is a publicly traded company on the Canadian Stock Exchange. The price of its share increased by 25.3 % a day, according to Google Finance.
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“This investment represents a great institutional confidence in Solana’s long -term capabilities,” the spokesman said. “From the perspective of the ecosystem, we expect many positive effects. First, by increasing the share of our auditor, we will contribute to increasing the safety of the network and decentralization.”
According to To Stockanalysis.com, Sol Strategies recorded 10.62 million dollars ($ 7.65 million) in revenue for 2024, a positive transformation of $ 15.65 million ($ 11.27 million) of 2023, when the company recorded a loss.
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Companies are transferred to Solana
Sol Strategies becomes the second traded company to announce the increase in capital aimed at buying Sol. On April 21, Upexi revealed an increase of $ 100 million aimed at building the Sol Reserve.
Defi Development Corporation (previously Janover) recently announced a $ 42 million and plans to create a Solana Reserve.
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