SOL Strategies has acquired 122,524 SOL following a $20 million funding round, reinforcing its commitment to Solana infrastructure growth and hinting at ambitions for a future Nasdaq uplisting.
Potential Nasdaq Uplisting Could be on the Cards for SOL Strategies
SOL Strategies Inc., a Canadian firm focused on advancing the Solana blockchain ecosystem, has made a bold move by purchasing 122,524 SOL tokens worth approximately $18.25 million. According to the announcement shared on its website, the acquisition follows the initial $20 million closing of its $500 million convertible note facility with ATW Partners, finalized on May 1, 2025.
This investment, executed at an average price of $148.96 per SOL, is part of the company’s broader strategy to fortify its presence in the Solana ecosystem. The funds stem from a recently closed financing deal, and the full first tranche has now been deployed into SOL accumulation.
“With the closing of our initial $20 million tranche from the ATW facility, we’re acquiring SOL to expand our validator operations and ecosystem position. These purchases directly strengthen our strategic SOL holdings and Solana technology innovation,” said Leah Wald, CEO of SOL Strategies.
The move underscores SOL Strategies’ growing influence in the Solana infrastructure space. The company has been scaling its validator operations and expanding technical deployments, all while leveraging capital markets to accelerate growth.
This acquisition also comes amid the firm’s preparations for a potential Nasdaq uplisting, signaling broader ambitions to attract global investors and strengthen its market footprint.
With this latest SOL token buy, the company not only increases its on-chain exposure but also signals confidence in Solana’s long-term value and relevance in the evolving blockchain landscape.
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