Foresight News reports that Canadian company Sol Strategies announced a private investment of 27.5 million CAD (approximately 19.09 million USD) from ParaFi Capital. This funding will be used to increase the company's SOL holdings, expand its revenue-generating validator business, and for general working capital purposes. The private placement will be completed through the issuance of unsecured convertible bonds, with the private placement expected to be completed around January 16, 2025.