The Canadian investment company centered on Solana Sol Strategies bought 40,300 Sol between January 19 and January 31, for approximately $ 9.9 million at an average price of $ 246.53 per Token.
The company based in Toronto, which executes three validators of Mainnet Solana, said that it now has 189,968 sun worth approximately $ 40.89 million bought at an average price of C $ 256.21 per sun, or around US $ 178.39 per Token, according to A press release.
Last month, the company, which submitted a request to the list at Nasdaq, sold $ 2.5 million of convertible obligations to add 6,564.57 additional sol at an average price of $ 265.65 per Token. Solana Price, at the time of writing, was quoted at $ 215 after losing more than 8.5% of its value during the past week in the midst of a broader recession of the cryptocurrency market.
Sol Strategies, previously known as Cypherpunk Holdings, is directed by former Valkyrie Investments Leah Wald co -founder. He has acquired validators not only in Solana but also in Sui (SUI), Monad (Monad) and Arch (ARCH). Validators process transactions to help ensure waterproof test blockchains when reaching certain amounts of cryptocurrencies of these networks.
According to its website, Sol Strategies also has 3,168 BTC for a value of $ 315,800 at the time of the writing, since it changed its investment strategy to accumulate BTC to Sol.
Read more: ‘It’s so early’: how Solana is competing with Ethereum for institutional interest
