Sol Strategies (HODL), the digital asset company listed in Toronto, focused on Solana (soil), said on Tuesday that it had acquired more than $ 18 million in ground token, using the product of a newly obtained financing agreement.

The company bought 122,524 soil for $ 18.25 million at an average price of $ 148.96 per token, according to a press release. The acquisition follows the initial closure of $ 20 million in a planned installation of $ 500 million in convertible tickets with the Atw Partners Investment Company, announced last month.

The actions of the company slipped by 10% to around $ 2.6 CA at the start of Tuesday of the session, extending the crisis of the end of April on $ 3.3. However, the stock increased by almost 80% in two weeks.

“With the fence of our initial tranche of $ 20 million in the ATW installation, we are executing exactly as promised – strategically acquire soil to extend our validator operations and our ecosystem position,” said CEO Leah Wald. “These purchases directly strengthen our strategy to three pillars of validators of business quality, soil holding and Solana technological innovation.”

Validator operations are basic infrastructure in evidence channels like Solana, where participants help secure the network and gain awards. By acquiring soil, the company can increase its validator participation, potentially increasing influence and income within the ecosystem.

The ground movement strategies highlights an increasing trend among public companies applying the game of the strategy of Michael Saylor with Bitcoin (BTC) – using the capital markets to accumulate major cryptocurrency participations in the hopes of increasing shareholders.

Last month, Immobilière Fintech Janover (JNVR), now renamed as Defi development, pivoted to focus on soil accumulation and the creation of a validator on the Solana network.

Read more: Defi Development plans to lift $ 1 billion to buy more Solana

Non-liability clause: This article, or part of IT, was generated with the help of AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see Complete Coindesk AI policy.

Sol Strategies (HODL), the digital asset company listed in Toronto, focused on Solana (soil), said on Tuesday that it had acquired more than $ 18 million in ground token, using the product of a newly obtained financing agreement.

The company bought 122,524 soil for $ 18.25 million at an average price of $ 148.96 per token, according to a press release. The acquisition follows the initial closure of $ 20 million in a planned installation of $ 500 million in convertible tickets with the Atw Partners Investment Company, announced last month.

The actions of the company slipped by 10% to around $ 2.6 CA at the start of Tuesday of the session, extending the crisis of the end of April on $ 3.3. However, the stock increased by almost 80% in two weeks.

“With the fence of our initial tranche of $ 20 million in the ATW installation, we are executing exactly as promised – strategically acquire soil to extend our validator operations and our ecosystem position,” said CEO Leah Wald. “These purchases directly strengthen our strategy to three pillars of validators of business quality, soil holding and Solana technological innovation.”

Validator operations are basic infrastructure in evidence channels like Solana, where participants help secure the network and gain awards. By acquiring soil, the company can increase its validator participation, potentially increasing influence and income within the ecosystem.

The ground movement strategies highlights an increasing trend among public companies applying the game of the strategy of Michael Saylor with Bitcoin (BTC) – using the capital markets to accumulate major cryptocurrency participations in the hopes of increasing shareholders.

Last month, Immobilière Fintech Janover (JNVR), now renamed as Defi development, pivoted to focus on soil accumulation and the creation of a validator on the Solana network.

Read more: Defi Development plans to lift $ 1 billion to buy more Solana

Non-liability clause: This article, or part of IT, was generated with the help of AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see Complete Coindesk AI policy.