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

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...