Editor's PiCK
"SOL Strategies Inc. to Raise $1 Billion to Expand the Solana Ecosystem"
Summary
- SOL Strategies Inc. announced that it will raise up to $1 billion to expand Solana blockchain infrastructure.
- This funding round will be carried out through the issuance of common shares, warrants, and other securities.
- SOL Strategies Inc. plans to focus on expanding the institutional investment base, such as Solana validator infrastructure and staking solutions.
Canadian listed company SOL Strategies Inc. will launch funding of up to $1 billion (approximately ₩1.375 trillion) over the next two years to expand Solana (Solana) blockchain infrastructure.
According to Quoinkoo, a media outlet specializing in virtual assets (cryptocurrencies), on the 29th (local time), SOL Strategies Inc. has submitted a preliminary base shelf prospectus to Canadian securities authorities for a securities offering worth up to $1 billion. The issuance targets include common shares, warrants, and other securities, but the specific schedule and structure are yet to be determined.
Leah Wald, CEO of SOL Strategies Inc., stated, "We will focus on expanding the institutional investment base, including Solana validator infrastructure and staking solutions," and added, "As part of strengthening strategic leadership for next-generation staking solutions, Michael has been appointed as Chief Strategy Officer (CSO)."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
