SOL STRATEGIES EYES $1B RAISE TO EXPAND SOL HOLDINGS

- Vancouver-based SOL Strategies Inc. filed a preliminary shelf prospectus with Canadian regulators to raise up to $1 billion over the next 25 months.

- This move aims to boost their capital flexibility to invest further in the Solana ecosystem.

- The filing covers a broad range of securities — common shares, warrants, subscription receipts, units, and debt.

- CEO Leah Wald emphasized this is about readiness, with no immediate plans to issue shares.

- In April, SOL Strategies secured a $500 million convertible note facility with ATW Partners, specifically to buy and stake $SOL tokens on their own validators.

- SOL Strategies is also exploring on-chain tokenized equity with Superstate. This could pioneer regulated shares on Solana using Superstate’s “Opening Bell” platform for real-time settlement and DeFi interoperability.

- Analysts remain bullish on Solana’s price, with Standard Chartered projecting a rise to $275 by end-2025 and potentially $500 by 2029.

Image: Solana and Sol Strategies X platforms