Canadian Giant Company Accumulates Solana at Low Prices: Made Tens of Thousands of Purchases! - Coin Bulletin

The Canada-based crypto infrastructure company SOL Strategies (HODL) expanded its SOL reserves by purchasing a total of 24,000 Solana (SOL) worth 3.37 million dollars in March.

SOL Strategies, which provides infrastructure and validator services on the Solana network, purchased a total of 24,000 SOL tokens in March at an average price of approximately 139.8 dollars ( about 199 Canadian dollars). With this new acquisition, the company's total SOL assets have also risen to 267,151 tokens. SOL Strategies secures the network by staking almost all of these assets on four different validators that it operates.

The company's shares have fallen by approximately 25% since the beginning of March, while during the same period, the price of Solana (SOL) has also experienced a 27% loss in value. Additionally, since the beginning of Trump's presidency, there has been a total 67% drop in SOL Strategies shares, while the price of Solana has decreased by 58% during the same process.

The SOL Strategies, led by former Valkyrie Investments co-founder Leah Wald, continues to aggressively grow its validator infrastructure. The company operates not only on Solana but also on other Proof-of-Stake blockchain networks such as Sui (SUI), Monad (MONAD), and ARCH (ARCH). Validators provide transaction validation services on the networks by staking their tokens and receive rewards in return.

SOL Strategies also purchased three validator nodes worth approximately 24.5 million dollars in March, thereby more than doubling the total amount of SOL staked in its infrastructure from 1.66 million to over 3.35 million tokens. Despite owning 3,211 Bitcoin (BTC), the company continues to maintain its focus on the Solana ecosystem.