Listed holding company Sol Strategies has reaffirmed its confidence in the Solana ecosystem, announcing its intention to make a $25 million strategic investment in Solana tokens.
In addition to the $SOL already held, #Sol Strategies said the tokens acquired will be used for its core business in the ecosystem.
This strategic investment strengthens Sol Strategies' role in the network after the company acquired validator Orangefin Ventures in December 2024.
January 7, 2025, Sol Strategies announced that it has raised C$25 million to further invest in the #Solana ecosystem, funded through a loan agreement with Chairman Antanas Guoga. The interest rate on Chairman Guoga's loan is 5% per annum.
I am providing capital to Sol Strategies because I strongly believe in their strategy and in Solana itself
Antanas Guoga, Chairman of Sol Strategies.
After the acquisition, Sol Strategies will use the acquired $SOL to support its betting business. In addition, the company said it intends to utilize the assets in key areas of the ecosystem, such as an undisclosed position in #DeFi and providing liquidity to support Solana's emerging projects.
Sol Strategies CEO Leah Ward said the investment
Sol Strategies CEO Leah Ward said the investment will benefit the company's shareholders, arguing that shareholders will increase their stake in the Solana ecosystem and increase the value of its assets.
Sol Strategies' investment behavior is reminiscent of MicroStrategy's relentless #bitcoin strategy, and its backers
despite investor optimism, Sol Strategies' stock price (HODL) has fallen since the announcement and is currently down -4.01% on a daily basis, based on TradingView data.
Sol Strategies' latest strategic investment continues the company's involvement in the Solana ecosystem: in December 2024, the company announced the acquisition of Orangefin, the popular company behind the Solana validator.
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