SOL Strategies Acquires 122,524 Solana Tokens at $148.96 Each, Deploying $20M Tranche from $500M ATW Facility

By: defi news|2025/05/06 23:30:01
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DeFi Development Corp, formerly known as Janover Inc., has expanded its digital asset portfolio by acquiring approximately 82,404.50 Solana (SOL) tokens. Separately, SOL Strategies has made a substantial purchase of 122,524 SOL tokens at an average price of $148.96 per token, deploying an initial $20 million tranche from its $500 million convertible note facility with ATW Partners. This acquisition marks the first tranche since May 1st, reflecting a strong appetite for Solana in the digital asset market. The total investment by SOL Strategies for these tokens amounts to $20 million, indicating significant buy pressure anticipated for SOL.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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