🚀 SOL Strategies takes Solana 'for growth' for half a billion

💼 The Canadian public company SOL Strategies has signed a check for $500 million from ATW Partners. Formally - convertible bonds, informally - 'give us money, we will buy SOL and stake it, and then we will pay you interest in SOL ourselves'. ♻️✨

🔹 The first $20 million has already come out of the investor's pocket; the redemption deadline is May 1, 2025.

🔹 The remaining $480 million will be unpacked in tranches 'when the stars in the sky align into the Solana logo'. 🔮

💰 The trick of the deal: interest on the bonds is paid NOT in fiat, but in freshly staked SOL. This means that every dollar invested immediately generates new little Solanas and increases the company's validators' balance. The Möbius business loop in action. 🌀

👩‍💼 CEO Lia Wald has already called all this 'the largest financing mechanism in the Solana ecosystem' and modestly added that the structure is 'scalable to the heavens'. Where to go from there. 🌌

📈 The market applauded: SOL Strategies' shares jumped +23.5% according to Yahoo Finance.

😐 However, Solana itself only pretended to be a tough nut: weekly growth ~11%, current price $146.78 (-3.79% over 24 hours). Apparently, the coin decided to 'not show its hand' before the time. 🎭