$SOL
The newspaper cryptovalute.it, very popular in Italy, has published an article discussing several publicly traded companies that are buying SOL to stake it and enjoy their profits. Now I will share a part of the article that you can easily find in full on the above-mentioned site.
SOL Strategies, a company listed on the Canadian stock exchange with the ticker $HODL, has seen its stock value increase by +25% after announcing the start of a capital raise of 500 million dollars to purchase $SOL from Solana. The capital raise was conducted through convertible notes, in the style of the first part of the Strategy for purchasing Bitcoin.
Of these 500 million, 20 will be available immediately to the company, while the remaining 480 will be raised at a later time and only upon the occurrence of certain conditions. It is not the only publicly traded company raising capital to buy $SOL on the market. Yesterday we told you about the journey of the former Janover – which has already purchased over 30 million dollars of this cryptocurrency.
