Canadian publicly traded company SOL Strategies, focused on supporting the Solana blockchain ecosystem, has recently announced the completion of a $20 million token purchase.
Purchase Details
SOL Strategies reported the acquisition of 122,524 Solana (SOL) tokens at an average price of $148.96 per token, totaling approximately $18.25 million.
Company Strategy
Leah Wald, CEO of SOL Strategies, stated: "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."
Current Assets of SOL Strategies
As of April 7, 2025, SOL Strategies held 267,151 SOL tokens worth about $38.4 million. The company also holds 3.211 BTC valued at approximately $304,000.
Thus, SOL Strategies continues to strengthen its market position and expand its capabilities within the Solana ecosystem through strategic token purchases.
