SOL Global Announces Strategic Expansion of Solana Holdings with Additional Purchase of $1.5 Million in Tokens
SOL Global Investments has announced a strategic expansion of its Solana holdings with an additional $1.5 million purchase of tokens at CDN $343 per token, acquiring 4,372 new tokens. This brings the company's total Solana holdings to 17,028 tokens. The investment follows Solana's recent achievements, including reaching $100 billion in monthly DEX volume and 25 million active addresses in November 2024, with Total Value Locked (TVL) hitting $9.35 billion.
The company's strategy focuses on owning and staking Solana tokens while making targeted investments exclusively aligned with the Solana blockchain. SOL Global recognizes Solana's leadership in blockchain technology through its proof-of-history consensus mechanism, which offers superior speed, scalability, and cost-efficiency.
SOL Global Investments ha annunciato un'espansione strategica delle sue partecipazioni in Solana con un acquisto aggiuntivo di token per $1,5 milioni a CDN $343 per token, acquisendo 4.372 nuovi token. Questo porta il totale delle partecipazioni in Solana dell'azienda a 17.028 token. L'investimento segue i recenti successi di Solana, tra cui il raggiungimento di $100 miliardi in volume mensile di DEX e 25 milioni di indirizzi attivi a novembre 2024, con il Total Value Locked (TVL) che ha toccato i $9,35 miliardi.
La strategia dell'azienda si concentra sul possesso e sullo staking dei token Solana, mentre effettua investimenti mirati allineati esclusivamente con la blockchain di Solana. SOL Global riconosce la leadership di Solana nella tecnologia blockchain attraverso il suo meccanismo di consenso proof-of-history, che offre una velocità, scalabilità e convenienza dei costi superiori.
SOL Global Investments ha anunciado una expansión estratégica de sus participaciones en Solana con una compra adicional de tokens por $1.5 millones a CDN $343 por token, adquiriendo 4,372 nuevos tokens. Esto eleva el total de las participaciones en Solana de la compañía a 17,028 tokens. La inversión sigue los recientes logros de Solana, incluidos alcanzar $100 mil millones en volumen mensual de DEX y 25 millones de direcciones activas en noviembre de 2024, con el Total Value Locked (TVL) alcanzando los $9.35 mil millones.
La estrategia de la empresa se centra en poseer y hacer staking de tokens Solana, mientras realiza inversiones específicas alineadas exclusivamente con la blockchain de Solana. SOL Global reconoce el liderazgo de Solana en la tecnología blockchain a través de su mecanismo de consenso proof-of-history, que ofrece velocidad, escalabilidad y eficiencia de costos superiores.
SOL Global Investments는 CDN $343에 추가로 $150만어치의 솔라나 토큰을 구매하여 4,372개의 새로운 토큰을 인수하는 전략적 확대를 발표했습니다. 이로써 회사의 총 솔라나 보유량은 17,028토큰이 되었습니다. 이번 투자는 솔라나의 최근 성과에 따른 것으로, 2024년 11월에 월 1,000억 달러의 DEX 거래량과 2,500만 개의 활성 주소를 기록했으며, 총 잠금 가치(TVL)는 93억 5천만 달러에 도달했습니다.
회사의 전략은 솔라나 토큰을 보유하고 스테이킹하는 것에 초점을 맞추고 있으며, 솔라나 블록체인과 독점적으로 aligned 된 목표 투자에 집중하고 있습니다. SOL Global은 속도, 확장성 및 비용 효율성을 제공하는 역사 증명 합의 메커니즘을 통해 블록체인 기술에서 솔라나의 리더십을 인정합니다.
SOL Global Investments a annoncé une expansion stratégique de ses participations dans Solana avec un achat supplémentaire de tokens pour 1,5 million de dollars au prix de 343 CAD par token, acquérant ainsi 4 372 nouveaux tokens. Cela porte le total des participations de l'entreprise dans Solana à 17 028 tokens. Cet investissement fait suite aux récentes réalisations de Solana, dont l'atteinte de 100 milliards de dollars en volume DEX mensuel et 25 millions d'adresses actives en novembre 2024, avec une valeur totale verrouillée (TVL) atteignant 9,35 milliards de dollars.
La stratégie de l'entreprise se concentre sur la possession et le staking de tokens Solana, tout en réalisant des investissements ciblés exclusivement alignés avec la blockchain Solana. SOL Global reconnaît le leadership de Solana dans la technologie blockchain à travers son mécanisme de consensus de preuve d'historique, qui offre une vitesse, une évolutivité et une efficacité des coûts supérieures.
SOL Global Investments hat eine strategische Erweiterung seiner Solana-Bestände angekündigt, indem es zusätzlich Token im Wert von 1,5 Millionen USD zu CDN $343 pro Token kauft und 4.372 neue Token erwirbt. Dies bringt die Gesamtmenge der Solana-Bestände des Unternehmens auf 17.028 Token. Die Investition folgt auf die jüngsten Erfolge von Solana, einschließlich der Erreichung von 100 Milliarden USD im monatlichen DEX-Volumen und 25 Millionen aktiven Adressen im November 2024, während der Total Value Locked (TVL) 9,35 Milliarden USD erreicht hat.
Die Strategie des Unternehmens konzentriert sich darauf, Solana-Token zu besitzen und zu staken, während gezielte Investitionen ausschließlich in Einklang mit der Solana-Blockchain getätigt werden. SOL Global erkennt die Führungsrolle von Solana in der Blockchain-Technologie durch ihren Proof-of-History-Konsensmechanismus an, der überlegene Geschwindigkeit, Skalierbarkeit und Kosteneffizienz bietet.
- Increased total Solana holdings to 17,028 tokens
- Strategic investment at CDN $343 per token
- Solana ecosystem showing strong growth with $100B monthly DEX volume
- Network growth to 25M active addresses
- TVL reached $9.35 billion
- None.
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) ("SOL Global" or the "Company), among the first publicly traded crypto investment companies providing exposure to the rapidly growing Solana ecosystem, is proud to announce its additional
Recent developments in the Solana ecosystem reflect its rapid growth and technological innovation, strengthening its position as a leading blockchain network. In November 2024, Solana achieved an all-time high in monthly DEX volume, surpassing
The Company's investment strategy emphasizes owning and staking Solana tokens, in line with its previously announced staking strategy, while making targeted investments exclusively aligned with the Solana blockchain. This focused approach underscores SOL Global's commitment to supporting and advancing the growth of Solana-based projects and technologies. The Company believes that Solana tokens has established itself as a leader in the blockchain space with its cutting-edge proof-of-history (PoH) consensus mechanism, enabling unparalleled speed, scalability, and cost-efficiency. The Company believes that these features have made it a go-to platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs), and financial derivatives. Solana's rapidly growing ecosystem, underpinned by its high throughput, continues to attract new developers and institutions worldwide, and underscores the company's focus on strategically investing in platforms that deliver enduring value and impact across industries.
About SOL Global Investments Corp.
SOL Global is a diversified international investment and private equity holding company. The Company is in the process of divesting its current investment partnerships and minority holdings. SOL Global recently announced the transition of investments to focus exclusively on digital asset technology, primarily on Solana and Solana based technologies.
CONTACT INFORMATION
SOL Global Investments Corp.
Paul Kania, Interim CEO, CFO
Phone: (212) 729-9208
Email: info@solglobal.com
Caution Regarding Forward-Looking Information
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 Company's expectations regarding the Solana blockchain and technologies. 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; any adverse changes and developments in the Solana blockchain and ecosystem; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to 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 the Company's ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232869
FAQ
How many Solana tokens did SOL Global (SOLCF) purchase in December 2024?
What is SOL Global's (SOLCF) total Solana token holdings after the December 2024 purchase?
What was Solana's Total Value Locked (TVL) in November 2024 according to SOL Global (SOLCF)?
What monthly DEX volume did Solana achieve in November 2024 as reported by SOL Global (SOLCF)?
