A Huge $1 Billion Move Came From the Company Applying the MicroStrategy Tactic to Buy More of This Altcoin!

MicroStretegy, one of the biggest institutional BI bulls, continues its BTC buying strategy. At this point, the company, which issues bonds to buy more Bitcoin, continues to make regular BTC purchases.

While MicroStrategy attracts attention with its Bitcoin strategy, Canadian investment company SOL Strategies attracts attention with its Solana (SOL) strategy.

SOL Strategies, which has made a name for itself with its Solana acquisitions, has announced a new $1 billion move to buy more SOL.

The company announced that it has filed a preliminary prospectus with Canadian securities regulators to issue up to $1 billion in securities over the next 25 months.

Once the prospectus is approved, SOL Strategies will be able to issue various financial instruments and raise up to $1 billion without repeating the prospectus process each time.

The company plans to use shares, warrants, subscription receipts, debentures or a combination of these to raise funds.

At this point, SOL Strategies stated that it plans to invest more in the Solana network in the future by leveraging the capital markets.

Leah Wald, CEO of SOL Strategies, said:

“Our latest move supports our growth strategy by providing flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem.

This strategic move enhances our ability to act decisively and quickly when attractive investment opportunities arise.”

SOL Strategies announced in late April that it had secured $500 million in convertible notes to purchase more SOL. At that point, the company said it had signed a $500 million deal with New York-based investment firm ATW Partners.

Sol Strategies noted that the deal with ATW Partners is the first of its kind and the largest in the Solana ecosystem.

*This is not investment advice.