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BitcoinSistemi 2025-02-04 20:08:09

Giant Company Continuously Continues to Accumulate This Altcoin: Applying MicroStrategy Tactics

Solana-focused investment firm Sol Strategies has significantly expanded its holdings by purchasing an additional 40,300 SOL between Jan. 19 and Jan. 31. The purchases, worth approximately $9.9 million, were made at an average price of $246.53 per token, according to the company’s press release. With this latest acquisition, the Toronto-based firm now owns a total of 189,968 SOLs worth approximately $40.89 million. The company's average purchase price is approximately $178.39 per SOL. Sol Strategies, which filed to list on Nasdaq last month, sold $2.5 million in convertible notes. The proceeds were used to purchase an additional 6,564.57 SOL at an average price of $265.65 per coin. Related News: Famous Analyst Said, "Even If Everyone is Bearish on Bitcoin and Cryptocurrencies, I'm a Bull", Lists 12 Reasons The surge in investment in SOL comes amid the recent market decline, with Solana’s price trading at $215 at the time of writing, having suffered an 8.5% decline over the past week amid volatility in the cryptocurrency market. Formerly known as Cypherpunk Holdings, Sol Strategies is led by former Valkyrie Investments co-founder Leah Wald. The company has diversified its blockchain infrastructure investments by operating validators not only on Solana (SOL), but also on Sui (SUI), Monad (MONAD), and ARCH (ARCH). *This is not investment advice. Continue Reading: Giant Company Continuously Continues to Accumulate This Altcoin: Applying MicroStrategy Tactics

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