Sol Strategies (CSE: Hodl), a Canadian company listed for the audience that focuses on Solana Blockchain, got more than $ 18 million of distinctive symbols using returns from a modern financing round.
The company said in a press release 122,524 Sol was purchased at an average price of $ 148.96 each, and the first full segment of $ 20 million from a transferred notable note facility of $ 500 million guaranteed with the investment company ATW Partners.
The deal, which was announced on May 1, is the first major step under the reincarnation of the company from CypherPunk Holdings to Sol strategies.
CEO Leah father said in a statement:
“With the closure of a $ 20 million primary segment of the ATW facility, we are implemented just as I promised-SOL strategies to expand our auditors and the position of the ecosystems. These purchases directly enhance our three strategies of healthy grades, strategic Solantings, and Solana Technology Innovation.”
The purchase enhances the presence of Sol strategies in the Solana Auditor, where entities help operate Blockchain and earn bonuses through consensus algorithm.
By increasing its possessions, the company is working to expand its technical scope and increase its position to gain the return and influence the ecosystem.
Solana Treasury grows direction
A similar step came last month from Janover, Fintech, which focuses on real estate that is now renamed as Defi Development Corp. , Which was heading towards the resistance infrastructure on Solana.
Sol Strategies shares decreased by 10.3 % in early trading to $ 2.61 after the update, down from the highest level in CA $ 3.30. Despite the decrease, the arrow remains approximately 24 % over the past month.
The Sol itself has decreased by about 1.6 % over the past 24 hours to $ 142.7, amid the correction of the broader encrypted currency market. Over the past thirty days, Solana has increased by more than 25 % of $ 115 shores during a decrease in the encryption market.
During the past 12 months, Solana decreased by approximately 6 % after 2023 of seeing a huge bull that extends from about 20 dollars to the highest level ever ever, before bearing a correction.
