- SOL Strategies is raising $1 billion to buy more Solana, following a recent $500 million investment move.
- The company’s aggressive bet on SOL comes as market momentum builds and a potential U.S. SOL ETF looms.
In a bold show of confidence in the future of Solana, Canada-based SOL Strategies has filed a preliminary base shelf prospectus with local securities regulators to raise a staggering $1 billion. The funds are earmarked for one purpose: to buy more Solana.
The move follows last month’s acquisition of a $500 million convertible note facility, also dedicated to purchasing SOL tokens. Tuesday’s press release confirmed that the shelf prospectus will allow the company to issue up to $1 billion in shares, warrants, or other securities. According to CEO Leah Wald, “The filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem.”
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SOL Strategies has emerged as one of the most aggressive corporate investors in Solana, and their conviction appears to be paying off. Since pivoting toward soalana, the company’s valuation has skyrocketed by over 2,000%. This mirrors the broader trend in crypto-driven corporate growth, with companies like Strategy (formerly MicroStrategy) seeing gains of 2,800% thanks to heavy crypto allocations.
The timing of the raise is strategic. Solana is currently trading at $167, down 6% from last week but up over 12% in the past month — a signal of a potential bullish phase. Industry analysts are also eyeing the potential for a Solana ETF approval in the United States, following the successful launch of a SOL ETF in Canada. Such a development could further boost solana price and, by extension, the value of SOL Strategies’ holdings.
The company recently made headlines for purchasing 122,524 SOL tokens valued at $20 million. With the additional $1 billion war chest, SOL Strategies is poised to make an even greater impact on the Solana ecosystem.
As the crypto market heats up in 2025, all eyes will be on whether Strategies’ massive bet on Solana pays off — and whether U.S. regulators will follow Canada’s lead on crypto ETFs.
