The Canadian public company, Sol Strategies, has announced an unsecured revolving credit facility worth 25 million CAD to invest in the Solana ecosystem. 📈 The funds will be used to purchase Solana tokens on a large scale to support staking and buyback activities. 🔒
📊 As of the end of 2024, the company has staked over 1.5 million SOL tokens, worth approximately 450 million CAD, including 140,000 SOL directly owned by the company. 🚀
📝 Assessment: This is a noteworthy strategic move, allowing Sol Strategies to capitalize on the potential of Solana and expand its participation in this blockchain network. The staking of SOL also reflects confidence in the long-term value of the token. 🌟
