SOL Strategies Shifts Focus to Solana, Acquiring Over $70 Million Worth of Coins

Canadian company SOL Strategies Inc. (CSE: HODL) has taken a decisive step in its digital asset portfolio by significantly increasing its holdings in Solana (SOL). The company recently acquired an additional 26,478 SOL coins, totaling $4.7 million at an average price of approximately $177 per coin. Following this transaction, SOL Strategies sold its remaining Bitcoin holdings for a total of $331,000, generating substantial capital gains. As a result, the company now boasts over 420,355 SOL coins worth more than $70 million. This shift in strategy signifies SOL Strategies’ dedication to growing their Solana-based holdings, further strengthening its validator operations and supporting long-term investments within the Solana ecosystem.