SOL News: Solana Scores Twin Institutional Wins as Sol Strategies' $1B Raise

SOL News: Solana Scores Twin Institutional Wins as Sol Strategies' $1B Raise

One firm filed to raise $1 billion to expand its SOL holdings while another became the first public company to adopt liquid staking tokens built on the network.

SOL Strategies Files $1B Shelf Prospectus to Fund Solana Expansion

SOL Strategies, a Toronto-based company focused exclusively on the Solana blockchain ecosystem, filed a preliminary $1 billion shelf prospectus with Canadian securities regulators on Tuesday, positioning itself for rapid capital deployment as opportunities emerge in the digital asset space, it announced in a statement.The filing allows the publicly traded company (CSE: HODL, OTCQB: CYFRF) to issue various securities including common shares, warr…

DigitalX locks in $11.6m Solana deal to boost staking revenues and long-term yield

DigitalX buys $11.6 million of Solana (SOL) at 15 per cent discount to market Staking via BitGo validator network to deliver 7 to 9 per cent yield Company’s digital asset treasury tops $78 million   Special Report: DigitalX has added more fuel to its blockchain engine, announcing the acquisition of 42,000 Solana tokens (SOL) in a deal worth $11.6 million executed at a 15 per cent discount to market rates. This latest move expands the company’s d…

SOL Strategies Ditches Bitcoin Holdings for Solana: Company Now Owns 420,355 SOL - Coin Surges

The post SOL Strategies Ditches Bitcoin Holdings for Solana: Company Now Owns 420,355 SOL appeared first on Coinpedia Fintech News SOL Strategies Inc. (CSE: HODL) announced an additional purchase of Solana (SOL) coins to strengthen its balance sheet. The Canadian company announced on Thursday that it acquired an additional 26,478 SOL coins for $4.7 million at an average price of about $177. According to the announcement, SOL Strategies sold its …

SOL Strategies Eyes $1 Billion Funding to Expand Solana Investment

Quick take: The filing allows the company to make offerings of common shares, warrants, subscription receipts, units, and debt securities of up to $1 billion as per the prospectus. SOL Strategies said the filing also enables it to increase its financial flexibility going forward. The company plans to use the funds to expand its investments in Solana. SOL Strategies, a publicly listed company in Canada, has filed a preliminary short-form base sh…

DeFi Development Bets on Liquid Staking to Expand Position in Solana

DeFi Development Adopts Liquid Staking with Focus on Solana Nasdaq-listed company accumulates more than 609 thousand SOL Use of LSTs provides liquidity and scale in cryptocurrencies Nasdaq-listed DeFi Development Corp. has announced the use of liquid staking tokens (LSTs) as part of its strategy to expand its Solana (SOL) position and optimize its crypto treasury. Em release In a statement released on Wednesday, the company said it has begun all…