Summary
- Sol Strategy announced that it has entered into a $500 million convertible bond agreement to purchase additional Solana.
- The secured funds will be used exclusively for purchasing additional Solana.
- The additionally purchased assets will be staked, and the profits will be shared between both parties.
The Canadian-listed company Sol Strategy has reportedly entered into a $500 million convertible bond agreement to purchase additional Solana (SOL).
On the 23rd (local time), Sol Strategy announced on its official website, "We have entered into a $500 million convertible bond agreement with ATW Partners," adding, "The funds secured will be used exclusively to purchase additional Solana." It further stated, "The acquired assets will be staked, and the profits will be shared between both parties."
Meanwhile, Sol Strategy currently holds 267,151 SOL.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
