SOL Strategies has bought 122,524 Solana (SOL) tokens at a median worth of $148.96, deploying the complete $20M from its just lately closed ATW facility. Final week, the corporate introduced the closing of the preliminary $20 million closing of its as much as $500 million convertible observe facility. SOL Strategies obtained an preliminary $20 million tranche of proceeds.
SOL Strategies is a Canadian-based company committed to the development, investment, and support of the Solana blockchain. Last week, SOL Strategies CEO Leah Wald said, “We are doubling down on our conviction in Solana and our commitment to being the leading institutional staking platform. Every dollar deployed is immediately yield-generating,” she added. Finally, she ensures that “this structure is not only innovative—it is highly scalable.”
SOL Strategies had said that the full $500M to purchase SOL tokens exclusively, and the latest $20 million purchase is the first in that plan. Today, Wald addressed the purchase as the first step towards picking up more SOL. “With the closing of our initial $20 million tranche from the ATW facility, we’re executing exactly as promised–strategically acquiring SOL to expand our validator operations and ecosystem position,” Wald said. “These purchases directly strengthen our three-pillar strategy of enterprise-grade validators, strategic SOL holdings, and Solana technology innovation.”
The Solana SOL cryptocurrency is up by over 20% prior to now month, signaling bullish momentum behind the crypto token. At press time, SOL sits at $143, down 1% within the final 24 hours.
