Public company Sol Strategies (stock code: CYFRF, HODL.CN) announced on Monday that it will invest CAD 25 million in the Solana ecosystem through an unsecured credit facility.
The unsecured revolving credit facility will accrue interest at a rate of 5% per annum, compounded daily. Sol Strategies has drawn $4 million in principal and plans to use the remaining funds to make large-scale purchases of Solana tokens to support its staking operations and acquisitions. According to the statement, it must utilize the full amount by January 6, 2027.
The company, headquartered in Toronto, is the latest initiative to become one of the main Solana stakers and ecosystem participants after the renaming of Cypherpunk Holdings.
In July last year, Cypherpunk Holdings appointed Leah Wald as CEO and began to focus on the Solana ecosystem. The company has sold several investments, including its stake in Animoca Brands, which was previously its second-largest holding after Bitcoin, and it has also directly invested in SOL and Solana validators.

As of December 31, 2024, Sol Strategies has staked over 1.5 million SOL (worth approximately CAD 450 million) in its validator operations, including over 140,000 SOL owned by the company.
In December last year, the company announced its intention to seek a listing on Nasdaq. From Wald's appointment as CEO to the end of last year, HODL's price has increased by over 2,000%. (The Block)