A credit facility worth $25 million CAD has been obtained by Sol Strategies to purchase Solana tokens.
Sol Strategies Goes Big on Solana
Sol Strategies Inc., a Canadian holding company that invests in the Solana ecosystem announced that it has received a $25 million CAD unsecured, revolving demand credit facility to be used exclusively for the purchase of SOL tokens.
In one of the biggest publicly disclosed commitments to Solana to date, the company has already taken out $4 million of the $25 million facility. It plans to use the remaining funds for extensive purchases of SOL tokens to support its acquisitions and staking activities.
Leah Wald, CEO of Sol Strategies, said:
Our staking strategy is tremendously successful, and we are confident that our expanded position in Solana will generate substantial returns for our shareholders while supporting the continued growth of the Solana ecosystem.
Decentralized finance protocols, validator operations, and strategic liquidity support to budding Solana-based enterprises are among the company’s primary emphasis areas in the Solana ecosystem.
This new financing initiative continues Sol Strategies’ investment in the Solana ecosystem after it purchased four new validators in Nov. 2024 to increase investment opportunities for shareholders via staking rewards.
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