Sol Strategies takes a cue from MicroStrategy and borrows to buy Solana! 💰🚀
The Canadian holding Sol Strategies decided not to be modest and took a loan of $17.4 million to purchase Solana (SOL) coins.
Who lent the money?
The chairman of the company, Antanas Guoga. Apparently, he believes so much in the success of Solana that he decided to fund it with his own money! 💵
👉 What is the money for? To buy SOL, which will then be sent to staking (a process where coins 'work' and generate income).
Terms of the deal:
• $4 million Canadian dollars have already been spent.
• Interest rate — 5% per year, accrued daily.
• The loan is valid until January 6, 2027.
And now for the most interesting part:
• Shares of Sol Strategies on the CSE under the ticker HODL have increased by 829% in three months. Their current price is $2.33. 💹
• The total market capitalization of the company has reached $419.5 million.
