SOL Strategies Raises $500M to Double Down on Solana
SOL Strategies, a Canadian crypto firm listed on the CSE and OTCQX. Has secured a $500 million convertible note facility from ATW Partners to expand its Solana holdings.
The funds, to be finalized on May 1 with an initial $20 million disbursement, will be used to buy and stake Solana tokens for yield generation. Interest on the notes will be paid in SOL from staking rewards. With plans to cross-list on Nasdaq. SOL Strategies aims to lead institutional staking on the Solana network. Marking this as the largest financing tied directly to Solana staking.
Clever Robot News Desk 26th April 2025
