Companies Left and Right Are Buying Solana, Promising a Rally.
SOL Strategies, a Canadian investment company focused on the Solana ecosystem, just bought 122,524 $SOL at an average price of $148.96. This brings the total purchase value to $18.25M. It’s worth noting that this acquisition is part of the company’s $500M convertible note facility with ATW Partners.
An institutional purchase like this also aligns with SOL Strategies’ wider plans to expand its validator business.
A validator, in case you didn’t know, is a blockchain participant that verifies and adds new transactions on the blockchain. The more assets a participant ‘stakes,’ the more chances that it ‘validates’ the next block.
In this article, we’ll quickly unpack Solana’s positive future outlook and also suggest why the Solaxy presale is among the best cryptos to buy now, seeing as it won’t just benefit from a $SOL boom but also fuel one.
