SOL Strategies Invests $20 Million in Solana Ecosystem

Canadian firm SOL Strategies has taken the initial step in deploying a substantial portion of its US$500 million convertible note facility with ATW Partners, investing US$20 million into the Solana blockchain ecosystem. This strategic move involves acquiring 122,524 SOL tokens at an average price of US$148.96 per token, amounting to roughly US$18.25 million. This marks a significant foray for SOL Strategies into Web3 technologies and aligns with their growing interest in the Solana ecosystem.