$SOL

SOL Strategies Dumps Bitcoin for Solana, Now Holds Over 420K SOL

SOL Strategies Inc. (CSE: HODL) has gone all-in on Solana. The Canadian firm announced it has ditched its remaining Bitcoin holdings—3.21 BTC sold for about $331K—and purchased an additional 26,478 SOL for $4.7 million, averaging $177 per coin. The company now holds a total of 420,355 SOL, worth over $70 million.

The move aligns with the company’s strategy to focus solely on Solana, supporting its validator operations and long-term investment in the network.

Institutional Interest in Solana Grows

Solana continues to attract major institutional players. Janover Inc. (NASDAQ: JNVR) recently added 80,567 SOL to its portfolio, totaling 163,651 SOL (worth ~$27M). Big names like Grayscale, VanEck, Fidelity, and Franklin Templeton are also pushing for U.S.-based spot SOL ETFs.

SOL Price Outlook

As May winds down, SOL remains in a consolidation phase. A daily close above $185 could trigger a breakout toward $210+, while a drop below $159 might push it down to $144.

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