The listed company Sol Strategies has obtained a credit line of 25 million Canadian dollars for investment in SOL and staking business

ChainCatcher news, publicly traded company Sol Strategies (stock code: CYFRF, HODL.CN) announced on Monday that it will invest 25 million Canadian dollars in the Solana ecosystem through an unsecured credit facility.

The unsecured revolving credit facility will accrue interest at a rate of 5% per annum, compounded daily. Sol Strategies has drawn 4 million Canadian dollars in principal and plans to use "the remaining funds to make large-scale purchases of Solana tokens to support its staking operations and acquisitions." According to the statement, it must utilize the entire facility by January 6, 2027.

The company, headquartered in Toronto, is the latest initiative following the rebranding of Cypherpunk Holdings to become one of the major Solana stakers and ecosystem participants.

In July last year, Cypherpunk Holdings appointed Leah Wald as CEO, shifting its focus to the Solana ecosystem. The company has sold several investments, including equity in Animoca Brands, which was previously its second-largest holding after Bitcoin, and it has also directly invested in SOL and Solana validators.

As of December 31, 2024, Sol Strategies has staked over 1.5 million SOL (worth approximately 450 million Canadian dollars) in its validator operations, including over 140,000 SOL owned by the company.

Last December, the company announced its intention to seek a listing on Nasdaq. From Wald's appointment as CEO to the end of last year, the price of HODL has increased by over 2,000%. (The Block)