Solana received dual support from institutional investors this week. Two publicly traded companies announced that they have launched large-scale initiatives focused on the Solana ecosystem. One of these initiatives is focused on liquid staking, while the other aims to raise up to $1 billion to invest directly in Solana.
The Canada-based investment firm Sol Strategies announced that it will raise up to $1 billion to increase its investments in the Solana network. The company has made its official application to carry out this investment and plans to raise capital through various methods such as stock sales or debt instruments in the future.
The company's CEO Leah Wald stated that this step would allow them to invest in opportunities on Solana in a more flexible manner. Last month, the company purchased 122,524 SOL with the special financing it provided. Since it began focusing on the Solana strategy, Sol Strategies' shares have increased in value by over 2000%. According to March 2025 data, the amount of SOL held by the company is 267 million dollars.
Another company has started using liquid staking to increase its SOL assets.
On the other hand, another company based in the US, DeFi Development Corp., announced that it has started using liquid staking technology to grow its Solana investments. According to a statement from the company, this step was taken to generate staking income and maintain liquidity. The company holds a total of 609,190 SOL, with the value of its assets approximately at 105 million dollars based on current market prices.
These moves reveal that institutional interest in Solana has increased, similar to the steps taken by Strategy and other companies regarding Bitcoin. Additionally, these developments are considered to be the beginning of more comprehensive institutional investments in SOL.
Published: May 29, 2025 18:47Last Updated: May 29, 2025 18:52
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Billion-dollar Solana move by two companies (SOL)
Solana received dual support from institutional investors this week. Two publicly traded companies announced that they have launched large-scale initiatives focused on the Solana ecosystem. One of these initiatives is focused on liquid staking, while the other aims to raise up to $1 billion to invest directly in Solana.
The Canada-based investment firm Sol Strategies announced that it will raise up to $1 billion to increase its investments in the Solana network. The company has made its official application to carry out this investment and plans to raise capital through various methods such as stock sales or debt instruments in the future.
The company's CEO Leah Wald stated that this step would allow them to invest in opportunities on Solana in a more flexible manner. Last month, the company purchased 122,524 SOL with the special financing it provided. Since it began focusing on the Solana strategy, Sol Strategies' shares have increased in value by over 2000%. According to March 2025 data, the amount of SOL held by the company is 267 million dollars.
Another company has started using liquid staking to increase its SOL assets.
On the other hand, another company based in the US, DeFi Development Corp., announced that it has started using liquid staking technology to grow its Solana investments. According to a statement from the company, this step was taken to generate staking income and maintain liquidity. The company holds a total of 609,190 SOL, with the value of its assets approximately at 105 million dollars based on current market prices.
These moves reveal that institutional interest in Solana has increased, similar to the steps taken by Strategy and other companies regarding Bitcoin. Additionally, these developments are considered to be the beginning of more comprehensive institutional investments in SOL.
Published: May 29, 2025 18:47Last Updated: May 29, 2025 18:52