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Sol Strategies filed a prospectus to raise up to $1 billion for Solana ecosystem investments.
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The firm recently secured a $500 million convertible note for purchasing SOL.
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This follows a major rebrand and 2,000% stock surge.
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The company currently has no immediate plans to issue new securities.
Solana-Centric Prospectus Filing
Canada-based investment firm Sol Strategies has filed a preliminary base shelf prospectus to raise up to $1 billion. The filing, made with Canadian securities regulators, would enable the firm to issue common shares, warrants, subscription receipts, or debt securities to fund its Solana-focused strategy.
CEO Leah Wald emphasized that the filing offers capital flexibility, helping the company respond quickly to emerging opportunities in the Solana ecosystem.
No Immediate Issuance Planned
While the prospectus opens the door for major fundraising, Sol Strategies noted that it has no current plans to issue new securities. The filing is preparatory and may never result in an actual capital raise.
Rebrand and Rising Solana Exposure
Formerly known as Cypherpunk Holdings, Sol Strategies rebranded to reflect its new investment focus. In April, it partnered with ATW Partners to secure a $500 million convertible note facility and has already used $20 million to acquire over 122,000 SOL tokens.
Since adopting its Solana strategy, the company’s stock has surged over 2,000%, now trading at $2.27.
