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Canadian company SOL Strategies (formerly Cypherpunk Holdings) has announced the launch of the Strategic Ecosystem Reserve (SER), a new fund aimed at supporting key infrastructure within the Solana network. The first step? An investment of over 52,000 Jito tokens ($JTO) worth more than š°100,000 USD.
š” Jito is a major provider of MEV infrastructure and liquid staking tools. It currently has over $2.6 billion locked up, according to DeFiLlam, making it a core pillar of the Solana ecosystem.
š CEO Leah Wald explained that this is not a classic coin investment:
"We're not just investing in tokens, but in the infrastructure that processes transactions for Solana's millions of users. At the same time, we're supporting the teams that are driving the entire ecosystem forward."
š² The fund will be funded solely from the validators' revenue - not from their own SOL coffers. This allows the company to support new projects without weakening its core positions. SOL Strategies currently manages over 3.7 million SOLs in delegations, including a partnership with Pudgy Penguins.
š ļø Their activities already include Stakewiz (an analytics tool for validators) and the Orangefin mobile app. Now they're heading even further afield.
š¼ The company also announced a plan to enter the US market under the ticker $STKE (currently traded in Canada as $HODL). With this move, it is targeting expansion among US investors and institutions. Part of the strategy includes tokenizing public shares on Solana (in partnership with Superstate) - which would make it the first publicly traded company with shares directly on the chain. šš
š§¾ Additionally, the $1 billion prospectus in May gives them the flexibility to raise capital for future growth and development of their validator infrastructure.
š¬ "This isn't just about token hoarding. It's about strategically building the foundation for growth and performance across Solana," adds management.
In short, ā SOL Strategies is betting it all on Solana - and showing what the future of institutional entry into Web3 may look like
