The Sol Strategies (HODL) actions, a Toronto SEO company, jumped after the company said it had obtained a convertible note installation at $ 500 million to increase its investments focused on the Solana network.
The capital will be used exclusively to buy ground tokens and extend the operation of the company’s blockchain validator, the company said in a press release. Hodl’s shares jumped up to 18% to reach $ 2.16 before bringing some of the earnings, but increased by 7% compared to yesterday’s fence.
“This is the largest financing installation of the genre in the Solana ecosystem – and the first directly linked to the stimulation yield,” CEO Leah Wald said in the press release. “Each dollar deployed is immediately generator of yields and accretion both of our balance sheet and our activity as a validator. This structure is not only innovative – it is very scalable.”
The initial tranche of $ 20 million in the agreement, signed with the New York-based investment investment company, Atw Partners, is expected to close by May 1, the company said. The interest in convertible tickets will be paid into soil, calculated as up to 85% of the yield yield on a soil dotted with the validators of the company.
The company said that it also explored a move to the Nasdaq scholarship in the United States, which gives it access to a deeper investor base. This decision follows similar plans from the digital asset investment company listed in Canada, Galaxy Digital, which should make its debut on the NASDAQ in May after obtaining regulatory approval earlier this month.
Sol Strategies, directed by Wald, co-founder of the Director of Digital Assets Valkyrie Investments, led the Bitcoin Treasury Strategy of Michael Saylor to alternative cryptocurrencies. The company held 267,151 floor tokens last month, worth more than $ 40 million at current prices. He also bought three validators companies last month, bringing the total soil amount to the company’s validators to 3,351,617 soil, or more than $ 500 million.
The real estate company listed in the United States, Janover, now known as Defi Development Corp, has recently followed traces of STRATEGIES in the pursuit of a strategy of the treasure operator and validator focused on Solana.
Find out more: Janover takes the page of Saylor Playbook, doubling the floor battery at 20 million dollars while the action rises 1700%
