Canadian Firm Bets Big on Solana with $17 Million Investment Plan 🇨🇦
Sol Strategies, a Canadian holding company, has announced a $17 million investment in the Solana blockchain. The firm has accessed $4 million from a new $25 million credit line, supported by Chairman Antanas Guoga.
The company plans to focus on staking operations, DeFi protocols, and providing liquidity to Solana-based projects. CEO Leah Wald expresses confidence in substantial returns.
The flexible credit facility, providing funds until 2027 at an interest rate of 5%, shows Sol Strategies' commitment to Solana, echoing companies' strategic investments in single cryptocurrencies.
Sol Strategies rebranded from Cyberpunk Holdings, highlighting its dedication to the Solana ecosystem.
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