Is $SOL going to heaven? Canadian listed company SOL Strategies has gone crazy!
They directly invested 500 million USD to buy SOL, using a strategy of buying coins → staking for interest → using interest to buy more coins, which is even more aggressive than MicroStrategy! Even more explosive is that MetaMask wallet suddenly supports SOL, allowing 100 million users to effortlessly earn interest with just a click of a mouse, driving the coin price up to 178 USD!
SOL Strategies specifically uses this money to buy SOL coins, which they then stake in their own validation nodes, earning an annualized interest of 7% as if it were free money. They have already locked 1.65 million SOL worth 260 million USD, earning 50,000 USD in interest every day, and this money continues to buy more coins, functioning like a money-printing machine.
Why are they daring to play like this? Essentially, they are imitating the “buy and buy” strategy of Bitcoin giant MicroStrategy, but even more aggressively, turning interest directly into principal. If the price rises, they profit from the difference; if it falls, they have interest as a safety net, so they won’t lose. The US-listed company DeFi Development Corp is also following suit, frantically buying 317,000 SOL worth 48 million USD, with a one-day surge of 843%.
Let’s get to the point: SOL Strategies is focusing this 500 million investment on DeFi, NFTs, and games on Solana. Retail investors can set their sights on ecological coins like $JUP and $JTO , significantly increasing their chances of benefiting.
Canada has already approved SOL staking ETFs, and the US is likely to follow suit, with institutional investments pushing the price even higher.
As for SOL, it seems stable at 200 USD in the short term, and if Bitcoin breaks 110,000 USD, it wouldn’t be surprising for SOL to surge to 300 USD.
Recently, we are mainly sharing internally, so friends you just met should pay more attention.