SOL Strategies raises $500M in convertible notes issuance to buy Solana tokens

Quick Summary:

First, by increasing our validator network's stake, we'll contribute to greater network security and decentralization.”According to StockAnalysis.com, SOL Strategies posted CAD$10.62 million ($7.65 million) in revenue for 2024, a positive turnaround of CAD$15.65 million ($11.27 million) from 2023, when the company posted a loss.

Related: Debate as Solana briefly flips Ethereum in staking market capCompanies move into SolanaSOL Strategies becomes the second publicly traded company to announce a capital raise aimed at purchasing SOL.

SOL Strategies, a Canadian investment company, issued $500 million in convertible notes to buy and stake in Solana (SOL) tokens.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Spokesperson Raise Partners Strategies According Solana Million Price Investment $500 Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 23:10:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28179106

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

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News Last Updated: 7 hours ago

Coverage Areas: United States

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Publisher ID: #11

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