The company reported that the deal was financed through the first tranche of $20 million under a bond issuance program of up to $500 million in partnership with investment firm ATW Partners. SOL Strategies claims to be the only publicly traded company that provides investors access to Solana staking.
SOL Strategies' approach is similar to that of the American company Strategy, which raises funds through the issuance of bonds and stocks and directs them towards acquiring bitcoins. SOL Strategies operates in a similar manner, using debt financing to accumulate Solana and develop validator business.
Earlier, Bloomberg Intelligence senior analyst Eric Balchunas stated that shares (units) of several spot Solana ETFs will begin trading on the Canadian stock market starting April 16.
