Sol Strategies, a Canadian listed company, spent about $9.94 million to increase its holdings by about 40,000 SOL
Sol Strategies, a Canadian listed company, announced that between January 19, 2025 and January 31, 2025, the company completed the purchase of an additional 40,300 SOLs at a price of approximately 14,337,332 Canadian dollars (9,935,329 U.S. dollars), with an average price of 355.77 Canadian dollars (246.53 U.S. dollars) per SOL, including fees and expenses.
The company also completed a $2.5 million second tranche of convertible bonds private placement, the total proceeds of which were satisfied by paying 6,564.47 SOLs, with an average price of 380.84 Canadian dollars (265.65 U.S. dollars) per SOL.
As of January 31, 2025, Sol Strategies and its subsidiaries held a total of approximately 189,968 SOLs with a total purchase price of approximately C$48.7 million, an average purchase price of approximately C$256.21 per SOL, including fees and expenses, which was valued at C$63.7 million based on the closing price of SOL on January 31, 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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