SOL Strategies and Solmate Acquire $135M Solana at 15% Discount
Key Highlights:
- Solana treasury strategy firms SOL Strategies and Solmate have made significant purchases during a market downturn to capitalize on discounted prices.
- SOL Strategies acquired 88,433 SOL tokens, using proceeds from a C$30 million LIFE offering. The average purchase price was $193.93 per SOL.
- The transaction included around 79,000 locked SOL tokens from the Solana Foundation at a 15% discount, which are immediately staked to generate rewards.
- SOL Strategies' total holdings now stand at 435,064 SOL, valued at approximately $85.9 million.
- Solmate Infrastructure purchased $50 million worth of SOL from the Solana Foundation, also at a 15% discount, during a volatile period in the crypto market.
- This strategic purchase is part of Solmate's plan to lead Solana corporate adoption in the Middle East, with the foundation retaining the right to nominate directors to Solmate's Board.
- Cathie Wood's Ark Invest has taken an 11.5% stake in Solmate Infrastructure, marking a notable investment in crypto infrastructure.
- The dual purchases by these firms indicate strong institutional confidence in Solana's long-term growth potential, potentially stabilizing retail investor sentiment.
