SOL Strategies Provides Update on SOL Purchases
SOL Strategies Inc. (OTCQB: CYFRF) has announced the successful deployment of funds from its recently closed USD $20 million convertible note facility with ATW Partners. The company has acquired 122,524 SOL tokens at an average price of USD $148.96 per SOL, totaling USD $18.25 million. This purchase is part of the initial tranche from a larger USD $500 million convertible note facility announced on May 1, 2025.
The investment aligns with SOL Strategies' three-pillar strategy focusing on enterprise-grade validators, strategic SOL holdings, and Solana technology innovation. CEO Leah Wald confirmed that the company is executing its planned strategy to expand validator operations and strengthen its ecosystem position.
SOL Strategies Inc. (OTCQB: CYFRF) ha annunciato il successo nell'utilizzo dei fondi derivanti dalla recente chiusura di una linea di credito convertibile da 20 milioni di dollari USA con ATW Partners. La società ha acquistato 122.524 token SOL a un prezzo medio di 148,96 USD per SOL, per un totale di 18,25 milioni di dollari USA. Questo acquisto rappresenta la prima tranche di una più ampia linea di credito convertibile da 500 milioni di dollari USA annunciata il 1° maggio 2025.
L'investimento si inserisce nella strategia a tre pilastri di SOL Strategies, che si concentra su validatori di livello enterprise, partecipazioni strategiche in SOL e innovazione tecnologica su Solana. La CEO Leah Wald ha confermato che l'azienda sta attuando il piano previsto per espandere le operazioni dei validatori e rafforzare la propria posizione nell'ecosistema.
SOL Strategies Inc. (OTCQB: CYFRF) ha anunciado el exitoso despliegue de fondos provenientes de su reciente cierre de una línea de nota convertible por 20 millones de dólares con ATW Partners. La compañía ha adquirido 122,524 tokens SOL a un precio promedio de 148.96 USD por SOL, sumando un total de 18.25 millones de dólares. Esta compra forma parte del primer tramo de una línea más amplia de nota convertible por 500 millones de dólares anunciada el 1 de mayo de 2025.
La inversión está alineada con la estrategia de tres pilares de SOL Strategies, que se enfoca en validadores de nivel empresarial, tenencias estratégicas de SOL y la innovación tecnológica de Solana. La CEO Leah Wald confirmó que la empresa está ejecutando su plan para expandir las operaciones de validadores y fortalecer su posición en el ecosistema.
SOL Strategies Inc. (OTCQB: CYFRF)는 ATW Partners와 최근 체결한 2,000만 달러 규모의 전환사채 시설 자금을 성공적으로 배분했다고 발표했습니다. 회사는 평균 1 SOL당 148.96달러에 122,524 SOL 토큰을 총 1,825만 달러에 인수했습니다. 이번 매입은 2025년 5월 1일 발표된 총 5억 달러 규모의 전환사채 시설 중 첫 번째 분할 투자에 해당합니다.
이번 투자는 기업용 검증자, 전략적 SOL 보유, 솔라나 기술 혁신이라는 SOL Strategies의 세 가지 핵심 전략과 부합합니다. CEO 리아 월드(Leah Wald)는 회사가 검증자 운영 확대와 생태계 내 입지 강화를 위한 계획을 착실히 실행 중임을 확인했습니다.
SOL Strategies Inc. (OTCQB : CYFRF) a annoncé le déploiement réussi des fonds issus de sa récente facilité de billets convertibles de 20 millions de dollars US conclue avec ATW Partners. La société a acquis 122 524 tokens SOL au prix moyen de 148,96 USD par SOL, pour un total de 18,25 millions de dollars US. Cet achat fait partie de la première tranche d'une facilité de billets convertibles plus importante de 500 millions de dollars US annoncée le 1er mai 2025.
L'investissement s'inscrit dans la stratégie à trois piliers de SOL Strategies, axée sur des validateurs de niveau entreprise, des participations stratégiques en SOL et l'innovation technologique Solana. La CEO Leah Wald a confirmé que la société met en œuvre sa stratégie prévue pour étendre les opérations des validateurs et renforcer sa position dans l'écosystème.
SOL Strategies Inc. (OTCQB: CYFRF) hat die erfolgreiche Verwendung der Mittel aus ihrer kürzlich abgeschlossenen Wandelanleihe über 20 Millionen USD mit ATW Partners bekannt gegeben. Das Unternehmen hat 122.524 SOL-Token zu einem Durchschnittspreis von 148,96 USD pro SOL erworben, was insgesamt 18,25 Millionen USD entspricht. Dieser Kauf ist Teil der ersten Tranche einer größeren 500-Millionen-USD-Wandelanleihe, die am 1. Mai 2025 angekündigt wurde.
Die Investition steht im Einklang mit der Drei-Säulen-Strategie von SOL Strategies, die sich auf Unternehmens-Validatoren, strategische SOL-Bestände und Solana-Technologieinnovation konzentriert. CEO Leah Wald bestätigte, dass das Unternehmen seine geplante Strategie zur Erweiterung der Validator-Betriebe und zur Stärkung seiner Position im Ökosystem umsetzt.
- Successful deployment of USD $20 million from convertible note facility into SOL tokens
- Strategic acquisition of 122,524 SOL tokens strengthens company's ecosystem position
- Access to larger USD $500 million convertible note facility for future growth
- Clear execution of company's three-pillar strategy
- Potential dilution risk from convertible note facility
- Significant exposure to SOL token price volatility
- Large capital allocation concentrated in a single crypto asset
Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) (formerly, Cypherpunk Holdings Inc, "Sol Strategies" or the "Company"), a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, announces the purchase of SOL from its recent closed convertible note facility.
Recent SOL Purchases Update
Following the announced successful initial USD
"With the closing of our initial
About SOL Strategies
SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.
To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's SEDAR+ profile at www.sedarplus.ca.
Investor Contact:
John Ragozzino, CFA
solstrategies@icrinc.com
203.682.8284
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Disclaimer:
SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.
None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
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