Torrent Capital Purchases Additional Solana Tokens
Rhea-AI Summary
Torrent Capital (TSXV: TORR) has expanded its Solana (SOL) holdings by acquiring an additional 10,776 tokens since February 12, 2025. As of February 19, 2025, the company's total SOL holdings stand at 17,731 tokens, which are currently generating yield through staking rewards. The company has expressed its intention to further increase its investment and participation in the Solana ecosystem through continued token accumulation and staking activities.
Positive
- Increased crypto asset holdings by 10,776 SOL tokens
- Total holdings of 17,731 SOL generating passive income through staking
- Strategic expansion into Solana ecosystem
Negative
- Significant exposure to volatile crypto asset prices
- Concentration risk in single cryptocurrency
News Market Reaction
On the day this news was published, TRRPF declined 8.33%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Halifax, Nova Scotia--(Newsfile Corp. - February 20, 2025) - Torrent Capital Ltd., (TSXV: TORR) ("Torrent") announces it has acquired an additional 10,776 Solana (SOL) tokens since February 12, 2025, when it provided its previous update on Solana holdings. As of February 19, 2025, Torrent held a total of 17,731 SOL, which are generating a yield from staking rewards.
Torrent plans to increase its investment and participation in the Solana ecosystem by accumulating SOL tokens and staking them to earn rewards.
About Torrent Capital Ltd.
Torrent Capital is a publicly traded Investment Issuer that actively manages a portfolio of public equities, cryptocurrencies, and private investments. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. Torrent offers investors the potential to earn above-market returns while providing transparency, daily liquidity and a modest fee profile compared with competing investment products.
For further information, please contact:
Contact:
Wade Dawe
Chief Executive Officer
Phone: 1 902 536 1976
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Torrent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The reader is referred the Company's annual financial reporting for a discussion of risks and uncertainties.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241700
FAQ
How many Solana tokens did Torrent Capital (TRRPF) purchase in February 2025?
What is Torrent Capital's (TRRPF) total Solana holdings as of February 19, 2025?
How is Torrent Capital (TRRPF) generating returns from its Solana holdings?
What are Torrent Capital's (TRRPF) future plans for Solana investment?
