Sol Strategies has acquired 122,524 Solana (SOL) tokens, totaling a $20 million investment.
This purchase was made at an average price of $148.96 per SOL, marking a significant move in the cryptocurrency market.
The acquisition is part of a larger $500 million convertible note facility with ATW Partners, with the initial $20 million tranche now fully deployed into SOL.
This strategic investment underscores the growing interest in Solana's blockchain infrastructure.
Hansa Network has also announced a significant strategic investment in the SOL ecosystem, citing Solana's advanced and scalable blockchain technology.
In related news, DeFi Development Corp.
has increased its Solana holdings, adding 82,000 SOL to reach a total of over 400,000 SOL, valued at more than $57 million.
These tokens, part of which are locked via BitGo OTC desk, are intended to be staked for yield, highlighting the utility and attractiveness of Solana for institutional investors.
