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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)

Analysis: The next wave of corporate Bitcoin adoption is about to arrive

ChainCatcher news, according to CoinDesk, as interest in digital assets continues to grow, the corporate adoption of Bitcoin seems to be entering a new phase, with several publicly traded companies following MicroStrategy's lead by incorporating Bitcoin into their balance sheets.In 2024, multiple companies began to emulate and adopt Bitcoin financial strategies, such as Metaplanet (3350), Semler Scientific (SMLR), and MARA Holdings (MARA). The first company in the second wave is KULR Technology Group (KULR), which is listed on the NYSE.As of January 7, it seems that some publicly listed companies have announced Bitcoin financial strategies but have not yet made any Bitcoin purchases. First is Acurx Pharmaceuticals (ACXP), listed on NASDAQ. Its board approved a Bitcoin purchase plan of up to $1 million on November 20. Since November 19, its stock price has dropped by 35%, but it has risen by 30% year-to-date.Similarly, NASDAQ-listed Hoth Therapeutics (HOTH) also had its board approve a $1 million Bitcoin purchase plan on November 20, but it has not completed the purchase. However, since November 19, its stock price has increased by 2%.The third company is NASDAQ-listed LQR House (YHC). The company announced on November 19 that it would accept cryptocurrency payments and retain up to $10 million in Bitcoin payment funds through policy. To date, its stock price has risen by 56% since November 19.The last one is NYSE-listed SOS Limited (SOS), which approved a $50 million Bitcoin purchase plan on November 27. At the time of the announcement, the price of Bitcoin was $93,000 each. Since November 19, its stock price has dropped by 30%.
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