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Will Sol Strategies draw the full CAD $25 million credit facility by end of 2025?
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Resolution / Starting Odds
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Sol Strategies' financial disclosures and public announcements
Story
Sol Strategies Secures CAD $25 Million Credit Facility (USD $17.45 Million) to Acquire More Solana Tokens
Jan 7, 2025, 08:39 PM
Sol Strategies Inc., a publicly listed company on the Canadian Stock Exchange and formerly known as Cypherpunk Holdings, has secured a CAD $25 million (approximately USD $17.45 million) unsecured revolving credit facility. The firm plans to use these funds to acquire more Solana (SOL) tokens, enhance its validator operations, and provide liquidity for new opportunities within the Solana ecosystem. Currently, Sol Strategies holds over CAD $30 million worth of SOL and has already drawn CAD $4 million from the credit line. The company aims to strengthen its position in the rapidly evolving Solana market.
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Similar markets
No • 50%
Yes • 50%
Significant increase in revenue • 25%
Decrease in revenue • 25%
No significant change • 25%
Moderate increase in revenue • 25%
