#OnChainLendingSurge

In the footsteps of MicroStrategy: Sol Strategies holding to buy Solana on credit. Canadian investment holding Sol Strategies took out a $17.4 million loan to purchase Solana coins. Sol Strategies chairman Antanas Guoga acted as the lender. The funds will be used for large-scale purchases of SOL, which will be used in staking. According to the statement, 4 million Canadian dollars have already been spent. The interest rate is 5% per annum, accrued daily. The loan agreement is valid until January 6, 2027. On September 2, 2024, the company rebranded, changing its name from Cypherpunk Holdings to Sol Strategies. The business focused its efforts on investing in the Solana ecosystem.

As of December 31, 2024, Sol Strategies had staked more than 1.5 million SOL (about $288 million). Of these, SOL 142,684 are the company's own funds. The company's shares are traded on the CSE (HODL) at $2.33. The increase over the last three months has exceeded 829%. The capitalization is $419.5 million.