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.