SOL Strategies Invests $20 Million in Solana Following ATW Funding

Canadian investment firm SOL Strategies has executed its first purchase of $20 million worth of Solana, following the company’s announcement earlier this year securing a significant $500 million convertible note from ATW Partners. The initial buy follows a prior $18.2 million allocation for 122,524 Solana tokens at an average price of $148.96. The move aligns with the company’s three-pillar strategy: expanding validator operations and ecosystem positions through strategic holdings of SOL, fostering innovation in Solana technology, and bolstering enterprise-grade validators.