SOL Secures $600 Million in Major Investments as Firms Boost Staking and Holdings

SOL Strategies Inc. announced a convertible note financing agreement with ATW Partners for up to $500 million to purchase and stake SOL tokens. The first $20 million tranche is expected to close around May 1, 2025, with interest paid in SOL tokens based on 85% of staking yields from SOL Strategies' validator nodes. Upexi, Inc. disclosed a $100 million private equity investment led by GSR to support a Solana-based financial strategy involving increased SOL holdings and staking.