Torrent Capital Initiates a Position in Solana Cryptocurrency
Torrent Capital (TSXV: TORR) has initiated its cryptocurrency investment portfolio by acquiring 2,000 Solana (SOL) tokens, which have been staked for yield generation. The company views Solana as a promising blockchain platform due to its high throughput of over 65,000 transactions per second, low fees, and growing ecosystem that surpassed Ethereum in new developer onboarding in 2024.
The investment aligns with the broader cryptocurrency market growth, which reached a market capitalization of $3.6 trillion in 2024. Torrent cites several favorable factors for their timing, including the incoming US Administration's positive stance on cryptocurrencies and increasing institutional adoption, evidenced by successful Bitcoin and Ethereum ETFs launched in 2024 that accumulated over $100 billion in assets under management.
The company anticipates potential catalysts in 2025, including the review of Solana ETF applications by Grayscale and Vaneck. Torrent's strategy focuses on maximizing rewards and passive income while participating in blockchain operating networks.
Torrent Capital (TSXV: TORR) ha avviato il suo portafoglio di investimenti in criptovalute acquisendo 2.000 token Solana (SOL), che sono stati messi in staking per generare rendimento. L'azienda considera Solana una piattaforma blockchain promettente grazie al suo elevato throughput di oltre 65.000 transazioni al secondo, alle basse commissioni e all'ecosistema in crescita che ha superato Ethereum nell'onboarding di nuovi sviluppatori nel 2024.
L'investimento si allinea con la crescita più ampia del mercato delle criptovalute, che ha raggiunto una capitalizzazione di mercato di 3,6 trilioni di dollari nel 2024. Torrent cita diversi fattori favorevoli per il proprio tempismo, incluso il atteggiamento positivo della nuova Amministrazione statunitense nei confronti delle criptovalute e l'aumento dell'adozione istituzionale, evidenziato dal successo di ETF su Bitcoin ed Ethereum lanciati nel 2024 che hanno accumulato oltre 100 miliardi di dollari in asset sotto gestione.
L'azienda prevede potenziali catalizzatori nel 2025, inclusa la revisione delle domande di ETF su Solana da parte di Grayscale e Vaneck. La strategia di Torrent si concentra sulla massimizzazione dei premi e del reddito passivo mentre partecipa alle reti operative della blockchain.
Torrent Capital (TSXV: TORR) ha iniciado su cartera de inversión en criptomonedas adquiriendo 2.000 tokens de Solana (SOL), los cuales han sido puestos en staking para generar rendimiento. La empresa considera a Solana como una plataforma blockchain prometedora debido a su alta capacidad de procesamiento de más de 65.000 transacciones por segundo, bajas tarifas y un ecosistema en crecimiento que superó a Ethereum en la incorporación de nuevos desarrolladores en 2024.
La inversión está alineada con el crecimiento más amplio del mercado de criptomonedas, que alcanzó una capitalización de mercado de 3,6 billones de dólares en 2024. Torrent cita varios factores favorables para su momento, incluido el enfoque positivo de la nueva Administración estadounidense hacia las criptomonedas y el aumento de la adopción institucional, evidenciado por el éxito de los ETF de Bitcoin y Ethereum lanzados en 2024 que acumularon más de 100 mil millones de dólares en activos bajo gestión.
La empresa anticipa posibles catalizadores en 2025, incluidas las revisiones de las solicitudes de ETF de Solana por parte de Grayscale y Vaneck. La estrategia de Torrent se centra en maximizar las recompensas y los ingresos pasivos mientras participa en las redes operativas de blockchain.
토렌트 캐피탈 (TSXV: TORR)은 2,000개의 솔라나(SOL) 토큰을 확보하여 암호화폐 투자 포트폴리오를 시작했습니다. 이 토큰은 수익 창출을 위해 스테이킹되었습니다. 회사는 솔라나를 2024년 신규 개발자 온보딩에서 이더리움을 초과하는 성장하는 생태계와 함께 초당 65,000건 이상의 높은 처리량과 낮은 수수료로 인해 유망한 블록체인 플랫폼으로 간주하고 있습니다.
이 투자는 2024년 3.6조 달러에 달하는 암호화폐 시장 성장과 일치합니다. 토렌트는 새로운 미국 행정부의 긍정적인 암호화폐 태도와 함께, 2024년에 출시된 비트코인 및 이더리움 ETF가 1,000억 달러 이상의 자산을 관리하는데 성공한 것을 토대로 여러 호재를 언급하고 있습니다.
회사는 Grayscale과 Vaneck의 솔라나 ETF 신청서 검토와 같은 2025년에 잠재적인 촉매제가 있을 것으로 예상하고 있습니다. 토렌트의 전략은 블록체인 운영 네트워크에 참여하며 보상과 수동소득을 극대화하는 데 중점을 두고 있습니다.
Torrent Capital (TSXV: TORR) a lancé son portefeuille d'investissement en cryptomonnaies en acquérant 2.000 tokens Solana (SOL), qui ont été stakés pour générer des rendements. L'entreprise considère Solana comme une plateforme blockchain prometteuse en raison de son débit élevé de plus de 65.000 transactions par seconde, de ses faibles frais et de son écosystème en croissance qui a dépassé Ethereum en 2024 en ce qui concerne l'intégration de nouveaux développeurs.
L'investissement s'aligne avec la croissance plus large du marché des cryptomonnaies, qui a atteint une capitalisation boursière de 3.6 trillions de dollars en 2024. Torrent cite plusieurs facteurs favorables à son timing, y compris l'attitude positive de la nouvelle administration américaine envers les cryptomonnaies et l'adoption institutionnelle croissante, comme le montrent les ETFs Bitcoin et Ethereum lancés en 2024 qui ont accumulé plus de 100 milliards de dollars d'actifs sous gestion.
L'entreprise anticipe des catalyseurs potentiels en 2025, y compris l'examen des demandes d'ETF Solana par Grayscale et Vaneck. La stratégie de Torrent se concentre sur la maximisation des récompenses et des revenus passifs tout en participant aux réseaux d'exploitation de la blockchain.
Torrent Capital (TSXV: TORR) hat sein Krypto-Investmentportfolio gestartet, indem es 2.000 Solana (SOL)-Tokens erworben hat, die zur Ertragsgenerierung gestaked wurden. Das Unternehmen betrachtet Solana als vielversprechende Blockchain-Plattform aufgrund ihrer hohen Durchsatzleistung von über 65.000 Transaktionen pro Sekunde, niedrigen Gebühren und dem wachsenden Ökosystem, das Ethereum bei der Gewinnung neuer Entwickler im Jahr 2024 übertroffen hat.
Die Investition steht im Einklang mit dem breiteren Wachstum des Kryptowährungsmarktes, der 2024 eine Marktkapitalisierung von 3,6 Billionen US-Dollar erreicht hat. Torrent führt mehrere günstige Faktoren für den Zeitpunkt an, darunter die positive Haltung der neuen US-Administrationen gegenüber Kryptowährungen und die zunehmende institutionelle Akzeptanz, wie die erfolgreichen Bitcoin- und Ethereum-ETFs, die 2024 gestartet wurden und über 100 Milliarden US-Dollar an verwaltetem Vermögen angesammelt haben.
Das Unternehmen erwartet potenzielle Katalysatoren im Jahr 2025, einschließlich der Überprüfung der Solana-ETF-Anträge durch Grayscale und Vaneck. Die Strategie von Torrent konzentriert sich darauf, Belohnungen und passives Einkommen zu maximieren, während es an Blockchain-Betriebsnetzwerken teilnimmt.
- Acquired 2,000 Solana tokens generating passive income through staking
- Investment in rapidly growing ecosystem that surpassed Ethereum in new developer onboarding
- Potential catalyst from Solana ETF applications expected to be reviewed in 2025
- Strategic positioning in platform with 65,000 transactions per second capacity
- Exposure to volatile cryptocurrency market
- Regulatory uncertainty despite expected positive stance
- Competitive risks from established cryptocurrencies like Bitcoin and Ethereum
Halifax, Nova Scotia--(Newsfile Corp. - January 6, 2025) - Torrent Capital Ltd., (TSXV: TORR), ("Torrent") announces it has created a cryptocurrency investment portfolio and acquired 2,000 tokens of Solana (SOL) cryptocurrency. The Solana tokens have been staked and are generating yield.
The cryptocurrency market has experienced remarkable growth over the past decade, evolving from a niche asset class to a globally recognized financial ecosystem. The total market capitalization of cryptocurrencies surged from under
Decentralized blockchain platforms such as Solana enable developers to create applications that re-distribute control, authority, and decision-making away from central authorities into the hands of the network participants, creating a new and secure form of openness and transparency. Evan Dawe, Equity Analyst at Torrent Capital, commented, "These innovative blockchain based platforms have the potential to disrupt the current monetary system and reshape the future of the economy."
Since its beginning, the crypto sector faced intense scrutiny from centralized authorities including governments, banks, and securities regulators, that attempted to curb its adoption through restrictive regulations and bans. However, the distributed nature of cryptocurrencies inherently resisted these attempts since they operate on a global network of nodes that continued to operate regardless of efforts to discourage adoption.
Cryptocurrencies like Bitcoin and Ethereum remain dominant, while emerging networks such as Solana have recently gained market share due to their improved scalability and lower transaction costs.
Why Solana?
Torrent believes that a scalable layer-1 blockchain platform is required to enable mainstream adoption of blockchain applications and decentralization. Although Ethereum has built a large ecosystem of developers and decentralized applications ("dApps"), it incurs high transaction fees during peak times and has limited transaction capacity, measured in transactions per second. Ethereum currently relies on layer-2 solutions to attempt to resolve these problems, which can present challenges. "We are confident that Solana has potential to capture market share from Ethereum as a scalable layer-1 blockchain ecosystem," Evan commented.
High Throughput & Low Fees: the Solana blockchain can process over 65,000 transactions per second with low transaction costs, ideal for high-volume applications.
Fastest Growing Ecosystem: In 2024, Solana onboarded more new developers than any other blockchain ecosystem globally, overtaking Ethereum.
Strong Adoption: Major banks, credit card companies, and other financial institutions are building on the Solana blockchain, in addition to other innovative projects.
Potential for Solana ETFs in 2025: Although there are currently no Solana ETFs available, asset managers such as Grayscale and Vaneck have recently submitted Solana ETF applications which are expected to be reviewed by the regulatory authorities in 2025, providing a potentially significant catalyst.
Why Now?
The incoming US Administration has indicated that it will change the government's current stance on cryptocurrencies to welcome and encourage its adoption. This shift could encourage strong growth and innovation in the sector by reducing legal hurdles that have previously inhibited crypto projects.
Further, while crypto has been favoured among retail investors in recent years, institutional adoption is now beginning. Financial giants such as BlackRock Inc. and Fidelity Investments, initially skeptical, shifted their stance in 2024 and now manage successful ETFs focused on Bitcoin and Ethereum. These new ETFs have accumulated over
Torrent's strategy involves managing its cryptocurrency portfolio to maximize rewards and passive income while participating in select blockchain operating networks.
About Torrent Capital Ltd.
Torrent Capital is a publicly traded investment issuer that invests in private and publicly traded companies. The company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. Torrent offers investors the potential to earn above-market returns while providing transparency, daily liquidity and a modest fee profile compared with competing investment products.
For further information, please contact:
Contacts:
Wade Dawe
Chief Executive Officer
Phone: 1 902 536 1976
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Torrent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The reader is referred the Company's annual financial reporting for a discussion of risks and uncertainties.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236223
FAQ
How many Solana tokens did Torrent Capital (TRRPF) acquire in January 2025?
What is Solana's transaction processing capacity according to Torrent Capital (TRRPF)?
How much assets under management did crypto ETFs accumulate in 2024 according to TRRPF?
What is the total cryptocurrency market capitalization reported by Torrent Capital (TRRPF) for 2024?
Which asset managers have submitted Solana ETF applications according to TRRPF?
