SOL Strategies, an infrastructure company for Solana, has launched a new strategic reserve aimed at supporting key projects within the ecosystem.
Goals of the New Strategic Reserve
Canada-based SOL Strategies announced on June 26 the launch of its Strategic Ecosystem Reserve (SER). The primary goal of this reserve is to support leading blockchain projects within the Solana ecosystem. To start, the company has acquired 52,181 Jito tokens for this reserve.
Information About the Jito Token
Jito is the native and governance token of the Jito network. Currently, it holds a leading position in the Solana ecosystem as a maximal extractable value (MEV) provider and liquid staking service. According to DeFiLlama, the total value locked in Jito is $2.6 billion, with its MEV-optimized infrastructure and decentralized finance integrations playing a key role in the Solana ecosystem.
Company's Future Plans
SOL Strategies, formerly known as Cypherpunk Holdings Inc., rebranded in September 2024, shifting its focus to Solana. In addition to its latest acquisition, the company was the first-ever Jito validator on the Solana mainnet in October 2022. CEO Leah Wald stated that the establishment of the SER is not merely about accumulating cryptocurrency tokens, but about strategically backing projects that contribute significantly to the growth and performance of the Solana network.
In conclusion, SOL Strategies aims to continue supporting key projects within the Solana ecosystem, using a portion of its validator revenue to fund its reserve strategy.
