Listed holding company Sol Strategies (ticker: CYFRF, HODL.CN) announced a $25 million credit line to invest in its SOL token and pledge business.
Sol Strategies has withdrawn $4 million of principal from the line of credit and plans to use "the remaining funds to purchase Solana tokens on a large scale to support its pledge operations and acquisitions". The company must use the full amount by January 6, 2027, the statement said.
As of December 31, 2024, Sol Strategies has pledged more than 1.50 million SOL tokens (worth approximately CAD 450 million) in its validator operations. This includes more than 140,000 SOL owned by the company.
Sol Strategies Secures $25 million Credit Line to Invest in SOL Tokens and Pledging Business
2025-01-07 21:55:27
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