Cemtrex, a Nasdaq-listed company, bought 1 million dollars worth of SOL, planning to build a 10 million dollar crypto reserve, purchasing 5,500 coins at an average price of 181 dollars.
This company is acting fast, the SOL ecosystem is booming, similar to the market cap surge of the new WLFI coin. Cemtrex's move could lead to significant profits, but the risks are also high.
With Huaxing Capital applying to expand its Hong Kong license to digital assets, the entrance of Asian institutions is accelerating, and the SOL spot ETF S-1 amendment document has also been submitted.
I believe the SOL reserve trend is about to take off; watch for breakthroughs in the short term, but don't overlook the overall market correction—diversified investment is the key.