Wu said that Sol Strategies Inc. (CSE: HODL) announced the completion of a private placement of 27.5 million Canadian dollars fully subscribed by ParaFi Capital. The funds will be used to expand SOL inventory, expand validator operations, and general working capital needs. This financing includes convertible bonds with a par value of 1,000 Canadian dollars per unit and 400 warrants. The bonds have an annual interest rate of 2.5% and can be converted into company shares at any time at 2.50 Canadian dollars per share. The exercise price of the warrants is also 2.50 Canadian dollars per share and is valid until five years after the financing is delivered. The bonds can be redeemed at 112% of the par value plus accumulated interest three years after delivery. This private placement is expected to be completed on January 16, 2025.