In a June 26 statement, SOL Strategies, a Canadian company, stated that the goal of its Strategic Ecosystem Reserve (SER) is to assist leading blockchain initiatives in the Solana (SOL) ecosystem.
For the reserve, the business has first purchased 52,181 Jito (JTO) tokens. According to the business, one such initiative is JTO, the native and governance token of the Jito network.
Jito is currently the primary provider of liquid staking and maximal extractable value (MEV) infrastructure in the Solana ecosystem. DeFiLlama claims that Jito's MEV-optimized infrastructure and decentralized banking integrations are essential components of the Solana ecosystem, with a total locked value of $2.6 billion.