Canadian investment firm Sol Strategies has secured CAD $25 million to increase its investment in Solana's SOL, aimed at boosting staking operations.
Strategic Move to Strengthen Solana Operations
On January 7, 2025, Sol Strategies revealed it had utilized part of its credit facility extended by chairman Antanas Guoga, to increase its SOL holdings, aiming to become a leading validator in Solana's network.
Flexible Financing for Expansion
The 5% annual interest credit facility allows Sol Strategies to continue its investment strategy. $4 million has been used already, with plans for further large-scale SOL purchases.
Sol Strategies’ Rebranding and Focus
In late 2024, the firm rebranded as Sol Strategies to focus entirely on Solana. Under Leah Wald, the company divested non-core assets to free up capital for Solana investment.
Sol Strategies is reinforcing its position within the Solana ecosystem through strategic investments and financing to ensure long-term returns and network development.
