Canadian company Sol Strategies significantly increased its Solana Position, with an average price of $179

2025-02-05 10:44:48

Abstract generation in progress

Canadian cryptocurrency company Sol Strategies recently increased its holdings of Solana (SOL), significantly increasing its holdings of Solana cryptocurrency. As of January 31, 2025, the company and its subsidiaries held 189,968 SOL with an average purchase price of $179 per coin, with a total market capitalization of nearly $40 million.

Meanwhile, Sol Strategies announced that CIO Moe Adham had resigned Jan. 30 as his family moved to Tokyo. The Canadian company’s significant increase in Solana and recent personnel changes allow investors to be included in the industry trend research observation, especially since the company is a holding company that invests in the Solana ecosystem for a long time, and such news can be used as a reference for Solana investors.

According to a press release issued on January 31, Sol Strategies purchased an additional 40,300 SOL between January 19 and January 31, totaling approximately $9.93 million, with an average purchase price of $246.53. In addition, the company also completed a second round of $2.5 million (Convertible Debentures) private placement, with a total return of 6,564.47 SOL.

Sol

SOL3.55%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.