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SOL Strategies (HODL) Surges on Up to $500M Credit Facility to Expand Solana Investment

  • SOL Strategies secured an up to $500 million convertible note facility with ATW Partners on April 23.
  • The firm obtained the capital to ramp up its investments focused on the Solana network.
  • An initial $20 million tranche is expected to close by May 1 for purchasing and staking SOL tokens.
  • CEO Leah Wald highlighted the facility's unprecedented size within the Solana ecosystem.
  • The capital aims to generate yield from staking and positions the firm in Solana's institutional sector.
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Alexa Blockchain broke the news in on Wednesday, April 23, 2025.
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