- Sol Strategies commits CAD $25M to Solana token acquisitions, with $4M already deployed.
- Rebranded from Cypherpunk Holdings, the firm now holds 1.5M SOL valued at CAD $450M.
- Sol Strategies acts as a major Solana validator and plans increased involvement in liquidity projects
Sol Strategies has announced a CAD $25 million credit facility dedicated to Solana token purchases. This marks one of the largest public commitments to the Solana ecosystem. The company has already deployed $4 million of the facility. They also plan to use the remaining funds over the next two years for token acquisition and ecosystem development.
The credit facility, provided by company Chairman Antanas Guoga at a 5% annual interest rate, will run until January 6, 2027. This unsecured, revolving demand credit arrangement comes as Solana’s price moves between $193.90 and $216.73. SOL is down 9% in the last 24 hours but maintaining a 3.4% gain over the past week.
CEO Leah Wald mentioned the importance of this investment: “After evaluating multiple financing options, we determined that the terms offered through this facility provided the most favorable structure for our shareholders.” She emphasized the company’s successful staking strategy and confidence in generating substantial returns while supporting Solana’s ecosystem growth.
The investment follows Sol Strategies’ change from its previous identity as Cypherpunk Holdings. Throughout 2024, the company repositioned itself as a dedicated Solana ecosystem participant, divesting non-strategic investments, including its Animoca Brands equity stake. By the end of 2024, the firm had accumulated over 1.5 million SOL tokens, valued at approximately CAD $450 million.
Sol Strategies operates as one of Solana’s major validators. They have committed more than 140,000 SOL tokens directly to network operations. This role allows the company to strengthen the blockchain while earning rewards and expanding its holdings.
The firm plans to extend its involvement in decentralized finance protocols and liquidity provision for rising Solana projects. Chairman Guoga expressed strong confidence in both the corporate strategy and Solana’s potential: “I’m making this capital available to Sol Strategies because of how deeply I believe in both the corporate strategies and Solana itself.”
