Public holding company Sol Strategies (stock code: CYFRF, HODL.CN) announced that it has obtained a credit line of $25 million for investing in SOL tokens and staking business.
Sol Strategies has withdrawn $4 million principal from the credit line and plans to use the remaining funds to make large-scale purchases of Solana tokens to support its staking operations and acquisitions. The statement noted that the company must utilize the full credit line by January 6, 2027.
As of December 31, 2024, Sol Strategies has staked over 1.5 million SOL tokens (worth approximately 450 million CAD) in its validator operations. This includes over 140,000 SOL owned by the company.