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SOL Global Investments ( (TSE:SOL) ) has shared an announcement.
SOL Global Investments Corp. has secured $14 million in new funding, with $10 million allocated for additional purchases of Solana, strengthening its position in the Solana blockchain ecosystem. The company has reduced its debt by $12.9 million and plans to complete a spin-out transaction by February 2025, setting a strong foundation for growth. It now owns 17,692 Solana tokens, actively staked for network support, and has launched SOL Global Ventures focused on early-stage investments, securing partnerships with Solana-related technologies.
More about SOL Global Investments
SOL Global Investments Corp. is one of the first publicly traded companies focusing on institutional investments in the Solana blockchain ecosystem. The company aims to provide public market investors with opportunities to benefit from Solana’s transformative potential, positioning itself as a key player in the blockchain space and an emerging leader in venture capital.
YTD Price Performance: 24.00%
Average Trading Volume: 293,191
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $17.03M
For detailed information about SOL stock, go to TipRanks’ Stock Analysis page.
