Convertible Note Financing as a Strategic Tool for Growth

Governance also plays a major role in SOL Strategies’ expanding influence. In March, the firm confirmed that all its validators voted in favor of SIMD-228, a proposal aimed at reducing Solana’s inflation rate from 4.5% to 0.87%.

Though the proposal received 61.4% approval, it narrowly missed the required two-thirds threshold.

Still, SOL Strategies’ alignment with deflationary economic policy demonstrates its vision for a sustainable Solana ecosystem.

Meanwhile, the company’s creative use of convertible notes draws comparisons to GameStop’s recent $1.5 billion sale of convertible senior notes.

🏁 @GameStop has wrapped up a $1.5 billion convertible senior note sale, confirming plans to use part of the proceeds to purchase Bitcoin.#GameStop #Bitcoinhttps://t.co/dCxwF7Zgpd

— Cryptonews.com (@cryptonews) April 2, 2025

GameStop announced plans to use a portion of the proceeds to buy Bitcoin, aligning its strategy with crypto-treasury pioneers like MicroStrategy.

However, where GameStop and MicroStrategy focus on holding BTC as a treasury asset, SOL Strategies takes a step further, using capital to stake SOL and actively generate an ongoing yield.

This approach could be more sustainable, offering long-term upside through validator operations and token appreciation while preserving liquidity through note conversion options.

Together, these initiatives position SOL Strategies at the center of Solana’s evolving institutional space