Odaily Planet Daily News Canadian listed investment company SOL Strategies recently submitted a preliminary basic prospectus to the local securities regulator, planning to raise up to US$1 billion to further expand its investment in the Solana ecosystem. The company said the move will provide it with the flexibility to issue common shares, warrants, subscription receipts, units or debt securities in the future. There are currently no issuance plans.
SOL Strategies, formerly Cypherpunk Holdings, once focused on Bitcoin and crypto asset investments, and has transformed to focus on the Solana ecosystem since last year. In April this year, the company announced a $500 million convertible bond financing line with ATW Partners, and has used the first $20 million to purchase 122,524 SOLs. The company's stock price has risen by more than 2,000% since the strategic adjustment, and is currently trading at 2.27 Canadian dollars. (The Block)