Sol Strategies Acquires $18 Million Worth of SOL Tokens, Bolsters Validator Stake

Canadian firm Sol Strategies has invested $18 million into Solana (SOL) by acquiring 122,524 tokens through a recent bond deal. This purchase comes from the firm’s newly closed convertible note facility and follows their earlier $20 million ATW issuance for the same purpose. Sol Strategies intends to use these funds to bolster its validator network on the Solana blockchain, aiming to secure long-term infrastructure investments in the ecosystem.