SOL Strategies Secures $500M to Increase Solana Holdings

The funds were raised via convertible notes and will be used to purchase and subsequently stake solana tokens with the goal of generating yield. Half-Billion Dollar Bet: SOL Strategies Gets Cash to Bulk up Solana Stash Canadian crypto company SOL Strategies has secured a $500 million convertible note facility from New York-based investment firm ATW

Source: Bitcoin.com