$BTC

The company reported that the deal was financed through the first tranche of $20 million as part of a bond issuance program of up to $500 million in partnership with the investment firm ATW Partners. SOL Strategies claims to be the only public company that provides investors access to Solana staking.

The approach of SOL Strategies is similar to the strategy of the American company Strategy, which raises funds through the issuance of bonds and stocks and directs them towards acquiring bitcoins. SOL Strategies operates in a similar manner, using debt financing to accumulate Solana and develop the validator business.