SOL Global Investments is deepening their bet on the future of Solana. And they aren’t showing any signs of slowing down, either.
What’s happening:
- SOL Global Investments (CSE: SOL) has purchased another $1.5M CAD of Solana tokens to hold directly as an asset
By the numbers:
- SOL Global Investments now owns 17,028 Solana tokens
- Currently, SOL Global Investments is staking 8,123 Solana tokens which earn 5.6% annually in yield
Why it matters:
- Solana continues to come into focus as the next digital asset that is likely to follow Bitcoin and Ethereum into major adoption in the traditional public markets, with publicly listed companies starting to buy Solana and multiple spot Solana ETFs being applied for in the United States of America
Going deeper:
- Some of the most iconic venture capital funds in Silicon Valley including a16z have been deepening their bets on the Solana as well, previously leading the pre-seed funding round in crypto gaming studio MagicBlock to accelerate video games being built on the Solana blockchain
