SOL Strategies Expands Solana Holdings with $20M Purchase
SOL Strategies, which is the Canadian listed company with a focus on the Solana blockchain, has expanded its holdings in the Solana ecosystem through a fresh $20 million purchase of SOL tokens.
The purchase, which occurred on May 6, is the initial tranche under a $500 million convertible note facility, which has been secured against ATW Partners.
122,524 SOL Acquired at Average Price of $148.96
According to the company’s statement, the $20 million tranche resulted in the acquisition of 122,524 SOL at an average price of $148.96 per token, totaling roughly $18.25 million in expenditures.
“With the closing of our initial $20 million tranche from the ATW facility, we’re executing exactly as promised,” said CEO Leah Wald. “These purchases directly strengthen our three-pillar strategy of enterprise-grade validators, strategic SOL holdings, and Solana technology innovation.”
Taking Advantage of a $500M Convertible Note Facility
The move follows on May 1 when SOL Strategies announced the closing of its first $20 million funding from the ATW facility.
The capital injection allows the company to further increase its presence in the Solana ecosystem, reinforcing its commitment to validator infrastructure and token holdings.
SOL Holdings Boost to Over 267,000 Tokens
From February 7 to January 31, the company had previously bought 24,374 SOL, priced around $5 million.
Through April 7, 2025, SOL Strategies held 267,151 SOL valued around $38.4 million along with 3.211 BTC worth around $304,000.
The business also plays a significant role in staking procedures, providing solutions for 3iQ’s Solana Staking ETF as well as having over 3 million staked SOL.
Strategic Focus on Solana Blockchain Innovation
SOL Strategies’ continuous investment is an indication of its faith in Solana’s long-term potential and growing importance within the blockchain community.
Through combining validator operations, SOL token holding, and support for ecosystem innovation, the company wishes to be a key institutional player on Solana’s growth trajectory.
