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Sol Strategies Boosts Its Solana Holdings by Around 2.6 Billion Yen, Leveraging Credit Line

2025/05/07 17:48 (Updated 2025/05/12 21:05)
CoinPost
Written by A.Yamada
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Sol Strategies Boosts Its Solana Holdings by Around 2.6 Billion Yen, Leveraging Credit Line

Up to 70 Billion Yen Credit Line with Solana Purchase

Canadian cryptocurrency investment firm Sol Strategies announced on June 6th that it has increased its holdings of Solana (SOL).

In April, Sol Strategies entered into a credit line agreement worth up to 500 million dollars (about 71.5 billion yen) with investment firm ATW Partners, facilitated by convertible bonds.

This time, the initial 20 million dollars (approximately 2.9 billion yen) of this fundraising has been realised. Sol Strategies purchased Solana using the funds received from ATW.

The firm acquired 122,524 SOL for about 18 million dollars (approximately 2.6 billion yen). The average price per SOL is...

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MAGAZINE

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Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.