1 month ago
Solana-focused Canadian concern institution Sol Strategies purchased 40,300 SOL betwixt Jan. 19 and Jan. 31, for astir $9.9 cardinal astatine an mean terms of $246.53 per token.
The Toronto-based company, which runs 3 mainnet Solana validators, said that it present holds 189,968 SOL worthy astir $40.89 cardinal purchased astatine an mean terms of C$256.21 per SOL, oregon astir US$178.39 per token, according to a press release.
Last period the firm, which has submitted an exertion to database connected the Nasdaq, sold $2.5 cardinal of convertible debentures to adhd an further 6,564.57 SOL astatine an mean terms of $265.65 per token. Solana price, astatine the clip of writing, was trading astatine $215 aft losing much than 8.5% of its worth implicit the past week amid a wider cryptocurrency marketplace downturn.
Sol Strategies, formerly known arsenic Cypherpunk Holdings, is led by erstwhile Valkyrie Investments co-founder Leah Wald. It has acquired validators not lone connected Solana but besides connected Sui (SUI), Monad (MONAD), and ARCH (ARCH). Validators process transactions to assistance unafraid Proof-of-Stake blockchains by staking definite amounts of these networks’ cryptocurrencies.
According to its website, Sol Strategies besides holds 3.168 BTC worthy $315,800 astatine the clip of penning arsenic it shifted its concern strategy from accumulating BTC to SOL. Read more: ‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest
English (US) 