Canada-based SOL Strategies has made a significant investment, committing over $100,000 to acquire Jito tokens as part of its new strategic reserve initiative.
Major Investment by SOL Strategies in Jito
On June 26, SOL Strategies confirmed the purchase of over 52,000 Jito tokens as part of its strategy to strengthen critical infrastructure within the Solana blockchain. CEO Leah Wald emphasized that this is not just about token accumulation. She noted, 'We're investing not just in tokens, we’re investing in the infrastructure driving transaction processing for millions of Solana users.'
Overview of Jito as MEV Infrastructure Provider
Jito is Solana’s leading provider of Maximal Extractable Value (MEV) infrastructure and liquid staking, with more than $2.6 billion in total value locked. It remains a key contributor to staking pool innovation through tools like Stakenet.
Future Plans and Expansion of SOL Strategies
SOL Strategies is actively seeking to establish a presence in the U.S., filing for a listing on Nasdaq under the ticker 'STKE'. Already listed on the Canadian Securities Exchange as HODL, the company holds over 420,000 SOL tokens and is becoming one of the largest institutional investors in Solana. SOL Strategies plans further allocations to support the ecosystem in the coming months.
Moving forward, SOL Strategies is focused on strategically investing in projects that support Solana’s growth and performance, aiming to solidify its position in the ecosystem.
