SOL Global Announces Additional Solana Token Acquisition and Applauds President Trump's Commitment to Solana as a Strategic Digital Asset

Rhea-AI Summary

SOL Global Investments Corp (CSE: SOL) (OTC: SOLCF) has expanded its Solana token holdings through two acquisitions: 12,828 tokens as previously announced on February 4, 2025, and an additional 9,716 tokens purchased at an average price of US$145 per token for US$1,410,624. These acquisitions bring the company's total Solana holdings to 40,350 tokens.

The company also highlighted President Trump's recent support for cryptocurrency and his proposal to establish a US Crypto Reserve that would include Solana. Paul Kania, interim CEO and CFO of SOL Global, emphasized this development as validation of blockchain's role in the financial system and noted the growing institutional adoption of digital assets.

Positive

• Increased Solana token holdings to 40,350 tokens
• Potential inclusion in proposed US Crypto Reserve
• Growing institutional adoption validation

Negative

• Significant capital expenditure of US$1.41M on volatile crypto assets

SOL Global has purchased an additional 9,716 Solana tokens, bringing the Company's total Solana holdings to 40,350 tokens

Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) ("SOL Global" or the "Company"), one of the first publicly traded companies focused on institutional Solana investments, is pleased to announce it has closed the acquisition of 12,828 Solana tokens (the "Tokens") as announced on February 4, 2025. The Company also acquired an additional 9,716 Solana tokens at an average price of US$145 per token for a total acquisition price of US$1,410,624. The purchase brings the Company's total Solana holdings to 40,350 tokens.

SOL Global would also like to commend President Donald J. Trump for his strong stance in support of cryptocurrency and his proposal to establish a US Crypto Reserve, which would include Solana. President Trump's recent statements on Truth Social (link) signal a significant shift in policy focus toward integrating blockchain technology and digital assets into the US financial framework. His vision of a US Crypto Reserve aligns with the growing global recognition of crypto as a critical asset class.

"The momentum behind digital assets is accelerating, and President Trump's recognition of crypto's strategic importance through the proposed US Crypto Reserve is a major step forward," said Paul Kania, interim CEO and CFO of SOL Global. "As an institutional investor in Solana, we view this as a validation of blockchain's role in the financial system. Our latest acquisition of Solana tokens not only strengthens our position in the ecosystem but also contributes to its growth and liquidity at a time when institutional adoption is gaining serious traction."

SOL Global remains committed to supporting the expansion of the Solana ecosystem and believes regulatory clarity and government engagement are crucial to unlocking the full potential of digital assets in the United States.

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 pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana.

Forward-Looking Statements

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 closing of additional advances of the Offering; the proposed use of proceeds of the Offering; the Company's intention to increase its investments in Solana; the Company's business and investment strategies; and the Company's ability to provide public exposure to the Solana blockchain and invest in early-stage ventures being built on Solana. 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 and source and complete investments in early-stage ventures being built on Solana; changes in technology in the decentralized finance and the digital asset sector; changes in the laws and regulations governing cryptocurrencies, 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 its ability to attract and retain key personnel; timely receipt of any applicable governmental approvals, licences and permits (and renewals thereof); the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. 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.

SOL Global is not affiliated with Solana and does not produce or operate blockchain technology.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243066

FAQ

How many Solana tokens does SOL Global (SOLCF) now own after its latest acquisitions?

SOL Global now owns a total of 40,350 Solana tokens following its recent acquisitions.

What was the purchase price for SOL Global's (SOLCF) latest Solana token acquisition?

SOL Global purchased 9,716 Solana tokens at an average price of US$145 per token, totaling US$1,410,624.

How does Trump's proposed US Crypto Reserve impact SOL Global (SOLCF)?

The proposal validates SOL Global's Solana investments and signals potential increased institutional adoption of digital assets.

What were the two recent Solana token acquisitions by SOL Global (SOLCF)?

SOL Global acquired 12,828 tokens (announced February 4, 2025) and an additional 9,716 tokens in their latest purchase.