Sol Strategies secures $25M credit line to invest in SOL token and staking business
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2025-01-08 06:02 5,151
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Golden Finance reported that listed holding company Sol Strategies (stock code: CYFRF, HODL.CN) announced that it has obtained a US$25 million credit line for investment in SOL tokens and staking businesses.
Sol Strategies has drawn down $4 million in principal from its credit facility and plans to use “remaining funds to make large-scale purchases of Solana tokens to support its staking operations and acquisitions.” The company has until Jan. 6, 2027 to use the entire amount, the statement said.
As of December 31, 2024, Sol Strategies has over 1.5 million SOL tokens (worth approximately CAD $450 million) staked across its validator operations. This includes more than 140,000 SOLs owned by the company.