Back then, Michael Saylor made headlines for buying Bitcoin for his company — now it’s Solana’s (SOL) turn to catch the attention of big institutions! 😱🔥
🎯 What’s going on?
A Canadian public company, SOL Strategies, just bought 26,478 SOL worth $4.7 million 💰
They even sold off all their Bitcoin, and now their treasury is 100% in SOL! 🫨
They now hold a total of 420,355 SOL, which is roughly $68.5 million 😎
📉 But this week, SOL dropped 8% to $165, putting them at a temporary unrealized loss of around $6 million.
Still, that’s pretty normal for long-term plays 📊⏳
🏦 Many are comparing this move to MicroStrategy’s legendary BTC strategy.
The big question: Can SOL deliver returns as impressive as BTC?
📈 Another example: DeFi Development Corp saw its stock shoot up 3,000% (!) after jumping into SOL 😳💸
🎯 Bottom line: Institutions are eyeing Solana not just for gains, but also to boost their company valuations.
If this strategy works, SOL could become the next big thing — just like BTC once did 🌕✨