SOL Strategies receives up to $500 million in convertible note financing

Crypto 7x24

2025-04-24 00:18:14

2.16W

Online reports that SOL Strategies, a company listed on the Canadian Stock Exchange, has received a convertible note financing of up to US$500 million from ATW Partners, the largest of its kind in the Solana ecosystem. The funds will be used specifically to purchase SOL and pledged on the verifier node operated by the company. The first payment of US$20 million is scheduled to be completed on May 1, and the pledge proceeds will be shared by both parties.

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