Sol Strategies Boosts Solana Holdings with 12,456 SOL Purchase

Flash

February 19, 2025 11:00 AM

In Brief:
Sol Strategies, known as the "MicroStrategy of Solana," added 12,456 SOL to its treasury.
The firm now holds 226,798 SOL, valued at $64.2M CAD.

Sol Strategies, a Canadian Securities Exchange-listed firm, has expanded its Solana holdings with a fresh purchase of 12,456 SOL. The company, often compared to MicroStrategy for its aggressive crypto accumulation strategy, now holds a total of 226,798 SOL, reflecting its long-term commitment to the Solana ecosystem.

With institutional interest in layer-1 blockchains rising, Sol Strategies’ move reinforces Solana's growing appeal among investors. As more firms explore crypto treasury strategies, Solana could emerge as a key asset in corporate portfolios.

Disclaimer: Backdoor provides informational content only, it is not offered or intended to be used as legal, tax, investment, financial, or other advice. Investments in digital assets involve risk, and past performance does not guarantee future results. We recommend conducting your own research before making any investment decisions.