The Canadian investment company focused on Solana, Sol Strategies, bought 40,300 soil between January 19 and January 31, for around $ 9.9 million at an average price of $ 246.53 per token.
The company based in Toronto, which manages three main Solana validators, said that it now holds 189,968 soil worth around 40.89 million dollars purchased at an average price of $ 256.21 CA per soil , or about US $ 178.39 per token, according to a press release.
Last month, the company, which submitted a list request on the NASDAQ, sold $ 2.5 million in convertible devers to add an additional 6,564.57 soil at an average price of $ 265.65 per token. Solana Price, when writing the moment, was negotiated at $ 215 after losing more than 8.5% of its value in last week in the middle of a slower cryptocurrency market.
Sol Strategies, formerly known as Cypherpunk Holdings, is led by the former co-founder of Valkyrie Investments, Leah Wald. He acquired validators not only on Solana but also on Sui (Suis), Monad (Monad) and Arch (Arch). The validators treat transactions to help secure blockchains of proof of assistance by punctuating certain quantities of the cryptocurrencies of these networks.
According to its website, Sol Strategies also holds 3,168 BTC worth $ 315,800 when writing the time of writing when it passed its investment strategy from BTC to Sol.
Find out more: “ It is so early ”: how Solana competes with Ethereum for institutional interest
