Mercurity Fintech Holding Inc. has entered into an agreement with Solana Ventures for a $200 million credit line to support its strategy for accumulating Solana (SOL) tokens.
Credit Line and Its Goals
The agreement signed on July 21 aims to accumulate a significant amount of Solana tokens and invest in the Solana ecosystem. The partnership reflects growing institutional interest in decentralized networks.
Market Response and Mercurity's Strategy
According to Chief Strategy Officer Wilfred Daye, this strategy does not replace their $800 million Bitcoin reserve plan. He noted that Solana is 'emerging as a high-performance layer for tokenized assets and institutional-grade DeFi.'
Solana's Price Growth and Institutional Confidence
As per CoinMarketCap, as of July 21, 2025, Solana's price stands at $196.13, with a market cap of $105.53 billion. Recent investments are expected to enhance staking rewards and increase protocol funding. Institutional investments like these are anticipated to propel adoption under rigorous regulatory standards.
Mercurity's investment in the Solana ecosystem underscores its growth potential and stability, potentially influencing digital asset management strategies.
