SOL Strategies acquired over $18 million worth of Solana tokens using funds from a new financing deal.
The company purchased 122,524 SOL at an average price of $148.96 per token, following the $20 million closing of a planned $500 million convertible note facility.
Despite a 10% drop in share price, SOL Strategies' stock has risen nearly 80% in two weeks, reflecting a strategic focus on expanding validator operations and SOL holdings.
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