The company #SOLStrategies that invested millions of dollars as part of its strategic reserve strategy will now also list decentralized projects focused on Solana as part of these new efforts to support the broader #Solana ecosystem and leverage its growth.
SOLStrategies launches the strategic ecosystem reserve for Solana, acquiring Jito tokens
SOLStrategies, a Canadian company that invested millions of dollars in Solana tokens ($SOL
), announced a new project that will include adding Solana tokens to its treasury. This initiative, called the "strategic ecological reserve," will invest in key projects to support the tools that form the basis of the decentralized financial ecosystem #Solana .
In a press release, the company explained that "this reserve, funded through a portion of the validator revenues, allows us to strategically support the core infrastructure while maintaining our core treasury of $SOL ."
Additionally, the company mentioned that this project and the upcoming token purchases, which are part of this development, will be funded through validator revenues. This will enable the company to "continue building these strategic sites while maintaining our core SOL treasury and continue accumulating more SOL."
The first project chosen was Jito, the governance token for the Jito network. Jito is a Solana-based MEV infrastructure provider that has added value to the Solana ecosystem through its collaboration with Anza, a Solana-based development group, to avoid harmful MEV.
The investment includes the purchase of 52,181,564 JTO tokens, valued at over 100,000 USD at the time of this report.
Regarding this investment and its impact on the broader Solana ecosystem, Leah Wald, CEO of SOLStrategies, stated:
We not only invest in tokens but also in the infrastructure that encourages transaction processing for millions of Solana users, supporting a team that contributes to driving innovation in the ecosystem.
SolStrategies noted that the strategic ecosystem reserve is a "dynamic initiative," emphasizing that more projects will be supported in the future, with priority given to projects that "demonstrate significant support and progress for the ecosystem." The company currently holds over 400,000 $SOL tokens.