- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
SOL Strategies invests $20M in Solana from ATW funding
By: news todayq|2025/05/07 17:15:01
0
Share
SOL Strategies, a Canada listed company that earlier announced securing $500 million convertible notes from ATW Partners, has now reported on May 06, 2025 that it has completed its first buying of Solana for $20 million.It is worth noting that the company has used roughly $18.2 million to buy 122,524 Solana tokens for an average price of $148.96, yet in the past 24 hours, the prices did not show any major surge or decline.The company quoted, “With the closing of our initial $20 million tranche from the ATW facility, we’re executing exactly as promised – strategically acquiring SOL to expand our validator operations and ecosystem position,” said Leah Wald, chief executive officer of SOL Strategies. “These purchases directly strengthen our three-pillar strategy of enterprise-grade validators, strategic SOL holdings, and Solana technology innovation.” SOL strategies support the Solana price from the back According to the available information, SOL strategies have bought around 24,374 Solana tokens between January 31 to February 07, 2025, for nearly $5 million.And till April 07, 2025, the total Solana holding of SOL strategies was 267,151 tokens valued at over $38 million at that time. Despite its dedication to Solana, the company also holds Bitcoins, yet the amount of BTC is 3.211 BTC valued at $309610.93. A quick dive into Solana prices According to data from CoinMarketCap, Solana is currently exchanging hands at $146.07 with a monthly surge of 43.41% and in the same frame it traded lowest $96.59 and highest $156.05.Source: CoinMarketCapIn the 52 weeks time frame the lowest traded price of Solana was $96.59 and it traded highest at $294.33. Despite recent uptrends and bullishness SOL prices are still below its 20 and 50 days exponential moving average, at the same time above 100 and 200 days EMAs. Experts foresee the nearest resistance of Solana at $156.85, followed by $171.43 and next $195.01, and its initial support is $109.69, followed by $95.12, and last support is $71.53.The relative strength index (14) is 55.61, indicating neutrality, commodity channel index (20) is 22.11, determining neutrality with MACD level (12, 26) at 3.75, reflecting a sell signal.Crypto market price updatesWhen writing, the crypto market cap was $2.99 trillion with a surge of 1.69%, and the trading volume was $82.4 billion with an addition of 30.23%, yet the fear and greed index still stands at 53, indicating neutrality. Bitcoin is exchanging hands at $96,552 with a surge of 2.27%, and the market cap was $1.91 trillion with a 2.20%, and the trading volume reached $32.58 billion with a surge of 41.79%.
You may also like
Hawkish Signal in Tightening Mode | Rewire News Brief
Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot
x402 and AI Agents: An Emerging Data Economy
x402 How to Perfectly Combine with Data Aggregation and Management?
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
Nobody knows the answer, including the Fed itself
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
A Cross-Section of Capital Market Gravity Direction Change
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.
Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
Over 100x Growth in 6 Months
After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?
Regulation is the starting point; a bull market depends on traditional fund inflows
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance capturing crypto users, but rather crypto capturing traditional users.
Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase
Overview of Important Market Events on March 18
Bitmain, mired in controversy, has found its strongest backing in the United States
Bitmain has been mired in controversies over the safety of its mining machines for years, but this has not stopped it from engaging in business cooperation with key members of the U.S. presidential family.
Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote
The Federal Reserve has again kept interest rates unchanged, stating that the situation in the Middle East has an uncertain impact for now. Governor Milan believes that interest rates should be cut by 25 basis points. The dot plot still indicates an expected rate cut once this year.
Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years
Tally chooses to take proactive stop-loss measures instead of stubbornly selling tokens and making promises that cannot be fulfilled.
SEC’s Stance on Crypto Assets: Most Not Considered Securities
Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…
South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents
Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…
Institutional Confidence in Crypto’s 2026 Growth Trajectory
Key Takeaways: A significant 73% of institutional investors plan to increase their crypto holdings by 2026. Exchange-traded products…
Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule
Key Takeaways: Ethereum introduces the Fast Confirmation Rule (FCR) aiming to cut bridge times from L1 to L2…
Crypto Firms Advocate DeFi Education in US Colleges
Key Takeaways: Twenty-one crypto organizations have called on US colleges to integrate decentralized finance (DeFi) into their curricula…
RedotPay Reorganizes Amidst Funding Tries and IPO Goals
Key Takeaways: RedotPay is facing leadership changes and concerns over its connections with mainland China while eyeing a…
Hawkish Signal in Tightening Mode | Rewire News Brief
Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot
x402 and AI Agents: An Emerging Data Economy
x402 How to Perfectly Combine with Data Aggregation and Management?
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
Nobody knows the answer, including the Fed itself
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
A Cross-Section of Capital Market Gravity Direction Change
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.
Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
Over 100x Growth in 6 Months
App