- Sol Strategies is led by Solana, who has increased holdings to 190K SOL. This brings the total investment up to almost $40 million.
- What will their wager on Solana look like in 2025
Sol Strategies makes a big bet. Solana [SOL]. Toronto’s crypto holding firm has increased its SOL investments to almost $40 million, while aiming for a possible Nasdaq listing.
The firm has also undergone a leadership change, as CIO Moe Adham is leaving.
Will this risky move work? With Solana growing rapidly and Sol Strategies stock surging 2,300% over just six months.
This is just one of the many moves.
Solana is holding up much better this week than its rivals who have suffered double-digit losses or fallen below critical support levels.
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Who is going to be the game-changer in this new era? Support from institutions. Even in the face of market volatility, capital continues to flow into large-cap cryptos. Microstrategy is leading the charge in buying Dips.
Sol Strategies now bets on the future of Solana. In just the second half of January, the company snapped up 40,300 SOL for $9.93 million, bringing their total holdings to 189,968 SOL – worth $44.3 million.
Sol Strategies, like Microstrategy is also using debt to finance these acquisitions, tapping into an available $25 million credit line.
There are downsides to this strategy. It could push Solana’s price up, surpassing psychological targets, and causing a FOMO-driven increase. The gamble might backfire if market conditions are not cooperative.
The stakes in Solana’s situation are higher than ever
There’s nothing surprising about that Bitcoin The US President has endorsed it to protect against inflation. While altcoins, such as Solana are following BTC in the spotlight, they rarely grab headlines by themselves.
Solana’s price is still the same as it was four years ago, despite its cutting-edge technology, high throughput and strong presence in DEX, memecoin and DeFi.
SOL/BTC is still in consolidation mode in 2024. There are no visible signs of an upswing. The launch of TRUMP memecoin, a major event in the crypto-world, hasn’t been able to generate lasting momentum.
Sol Strategies stock (HODL), which closely tracks Solana’s price movement, soared 2,336% in the same period.
HODL hit a new record of $5.90 two days after TRUMP launched its coin. SOL also reached a high of $274.
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Sol Strategies, with 190,000 SOL in their possession, is taking a risk. It could be a sign that institutional capital flows into Solana and positions it to be a powerful player by 2025.
Click Here to Read Solana’s [SOL] Price Prediction 2025–2026
Sol Strategies might be forced, if Solana’s stock price does not rise, to unload their SOL positions, which could damage its SOL share. This is a game to be watched.
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Source: ambcrypto.com
