Summary
- Solana Company, a treasury holder of Solana (SOL), said it closed at $2.21 in the U.S. stock market the previous day, up 14.51% from the prior session.
- It said this week’s share rebound appears to be driven by the newly introduced institutional borrowing structure backed by staked Solana.
- It said the program is designed to allow institutions to secure liquidity by posting staked Solana as collateral without unstaking or selling it.
Solana Company, a treasury holder of Solana (SOL), posted a sharp rally the previous day.
According to TradingView on the 14th (KST), Solana Company closed at $2.21 in the U.S. stock market the previous day, up 14.51% from the prior session.
This week's share rebound is seen as stemming from Solana Company’s newly introduced institutional borrowing structure backed by staked Solana. The program is designed to allow institutions to obtain liquidity by posting staked Solana as collateral without unstaking (withdrawing from staking) or selling it.
Solana Company currently holds about 2.3 million Solana.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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