SOL Global Announces Additional Staking in Solana
Rhea-AI Summary
SOL Global Investments Corp. (CSE: SOL, OTC: SOLCF) has announced an expansion of its investment staking strategy in the Solana ecosystem. The company has staked an additional 8,905 Solana tokens at a 5.6% rate as part of its initiative to enhance returns and promote sustainable growth. This strategic move leverages Solana's proof-of-stake protocol to maximize staking rewards while contributing to network decentralization and security.
Positive
- Additional staking of 8,905 Solana tokens generating 5.6% returns
- Strategic investment in network security and decentralization
Negative
- None.
Toronto, Ontario--(Newsfile Corp. - December 12, 2024) - SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) ("SOL Global" or the "Company), a forward-thinking investment company focused on blockchain innovation, has unveiled its investment staking strategy initiative, designed to enhance returns and promote sustainable growth within the Solana ecosystem. The Company has staked its additional investment of 8,905 tokens at a rate of
The Company believes its strategic staking approach leverages the robust capabilities of Solana's proof-of-stake (PoS) protocol to maximize staking rewards while supporting the network's decentralization and security.
For Further Information Please Contact:
SOL Global Investments Corp.
Paul Kania, Interim CEO, CFO
Tel: (212) 729-9208
Email: info@solglobal.com
Website: https://solglobal.com/
About SOL Global Investments Corp.
SOL Global is a diversified international investment and private equity holding company. The Company is in the process of divesting its current investment partnerships and minority holdings. SOL Global recently announced the transition of investments to focus exclusively on digital asset technology, primarily on Solana and Solana based technologies.
Caution Regarding Forward-Looking Information
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking information in this press release includes, but is not limited to, the Company's expectations regarding the Solana blockchain and technologies. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability to execute on its business and investment plans; the Company's ability to raise debt or equity through future financing activities and divest its current investment partnerships and minority holdings; the Company's ability to increase its investments in the Solana blockchain and Solana-based technologies; any adverse changes and developments in the Solana blockchain and ecosystem; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to decentralized finance and digital assets; the inherent volatility in the prices of certain cryptocurrencies including Solana tokens; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainties in Canada and the United States; currency exchange rates and interest rates; the limited resources of the Company; the Company's reliance on the expertise and judgment of senior management and the Company's ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233467
FAQ
How many Solana tokens did SOL Global (SOLCF) stake in December 2024?
What is the staking rate for SOL Global's (SOLCF) new Solana investment?
What is the purpose of SOL Global's (SOLCF) staking strategy in Solana?
How does SOL Global (SOLCF) plan to maximize returns through Solana staking?
