SOL Strategies Acquires 122,524 Solana Tokens at $148.96 Each, Deploying $20M Tranche from $500M ATW Facility

DeFi Development Corp, formerly known as Janover Inc., has expanded its digital asset portfolio by acquiring approximately 82,404.50 Solana (SOL) tokens. Separately, SOL Strategies has made a substantial purchase of 122,524 SOL tokens at an average price of $148.96 per token, deploying an initial $20 million tranche from its $500 million convertible note facility with ATW Partners. This acquisition marks the first tranche since May 1st, reflecting a strong appetite for Solana in the digital asset market. The total investment by SOL Strategies for these tokens amounts to $20 million, indicating significant buy pressure anticipated for SOL. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant