The Canadian company SOL Strategies bought 122,524 SOL for a total of $ 18.25 million at an average price of $ 148.96 to support projects in the ecosystem and provide resources for validators.

The company said that the deal was funded at the expense of the first tranche of $ 20 million as part of the bond release program with a volume of up to $ 500 million in partnership with the ATW Partners investment company. Sol Strategies calls himself the only public company that provides investors with access to SOLANA stake.

The SOL Strategies approach is similar to the strategies of the American company Strategy, which attracts funds through the production of bonds and shares and guides them for the purchase of bitcoins. Sol Strategies acts in a similar way, using debt financing to accumulate Solana and develop a business validator business.

Earlier, the senior analyst in Bloomberg Intelligence Eric Balchunas said that from April 16, on the stock market of Canada, the shares (rations) of several spot SOLANA-ETFs will begin to bargain.