Canada's investment fund raises an additional $3.6 million to buy SOL

Canada's SOL Global Investments fund has announced the raising of an additional $3.6 million through a new share issuance, with the goal of using this money to purchase Solana (SOL) tokens. In the agreement with underwriting organizations such as Canaccord Genuity Corp. and Clarus Securities Inc., the fund will issue up to 18 million shares at an issue price of $0.20 per share.

The investment in Solana is seen as a strategic move, especially as many venture capital funds predict that the price of SOL could reach at least $600 in the near future. This raised money will be used to buy SOL on cryptocurrency exchanges at market prices, and the obtained tokens will not be used as collateral for any company debt.

With the strong development of Solana and increasing interest from institutional investors, forecasts about the price appreciation potential of this token are being emphasized in the current market context.