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SOL Global Investments Corp
Symbol SOL
Shares Issued 117,314,582
Close 2024-12-09 C$ 0.42
Market Cap C$ 49,272,124
Recent Sedar Documents

SOL Global adds 4,372 Solana tokens for $1.5-million

2024-12-09 17:43 ET - News Release

Mr. Paul Kania reports

SOL GLOBAL ANNOUNCES STRATEGIC EXPANSION OF SOLANA HOLDINGS WITH ADDITIONAL PURCHASE OF $1.5 MILLION IN TOKENS

SOL Global Investments Corp. has acquired $1.5-million in Solana tokens, further solidifying its strategic investment, at a price of $343 per token. The acquisition gives it access to an additional 4,372 tokens. This investment demonstrates SOL Global's continued confidence in Solana's ability to drive the next wave of growth in blockchain technology, decentralized finance (DeFi) and derivatives markets. SOL Global's increased investment in Solana reflects the company's belief in its transformative potential within the blockchain space. This latest acquisition brings SOL Global's total holdings of Solana to 17,028 tokens. The decision to expand Solana holdings aligns with SOL Global's long-term strategy to invest in projects that offer scalability, innovation and real-world utility.

Recent developments in the Solana ecosystem reflect its rapid growth and technological innovation, strengthening its position as a leading blockchain network. In November, 2024, Solana achieved an all-time high in monthly DEX volume, surpassing $100-billion, and recorded 25 million active addresses. The total value locked (TVL) also reached $9.35-billion, demonstrating strong confidence in its DeFi ecosystem (source: blockonomi).

The company's investment strategy emphasizes owning and staking Solana tokens, in line with its previously announced staking strategy, while making targeted investments exclusively aligned with the Solana blockchain. This focused approach underscores SOL Global's commitment to supporting and advancing the growth of Solana-based projects and technologies. The company believes that Solana tokens has established itself as a leader in the blockchain space with its cutting-edge proof-of-history (PoH) consensus mechanism, enabling unparalleled speed, scalability and cost-efficiency. The company believes that these features have made it a go-to platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs) and financial derivatives. Solana's rapidly growing ecosystem, underpinned by its high throughput, continues to attract new developers and institutions worldwide, and underscores the company's focus on strategically investing in platforms that deliver enduring value and impact across industries.

About SOL Global Investments Corp.

SOL Global is a diversified international investment and private equity holding company. The company is in the process of divesting its current investment partnerships and minority holdings. SOL Global recently announced the transition of investments to focus exclusively on digital asset technology, primarily on Solana and Solana-based technologies.

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