Institutions Keen on Buying $SOL
SOL Strategies seems to be following in the footsteps of MicroStrategy (now, Strategy), which has acquired more than 528,000 $BTC over the last few years.
Similarly, DeFi Development Corp. (JNVR) has submitted an SEC application to raise $1B through a fresh security issue.
It plans to use the funds (or a part of them) to purchase $SOL. Note that it already holds $48.2M worth of the asset.
As a result of its fresh $SOL purchase, SOL Strategies’ shares have jumped over 90% in the last two weeks. It’s currently trading at around CA$2.6.
