Canadian Investment Giant Switches from Bitcoin to Solana: Took Advantage of the Drop - Coin Bulletin

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Toronto-based Solana-focused investment firm Sol Strategies has attracted attention with a major investment move.

The company purchased approximately 40,300 SOL worth about 9.9 million dollars between January 19-31, 2025. The purchases were made at an average price of 246.53 dollars.

The company's total Solana (SOL) holdings have reached 189,968, and the current value of this amount is approximately 40.89 million dollars. The average purchase price of the company's past transactions is $178.39.

While applying to be listed on Nasdaq, Sol Strategies also announced that it has conducted a $2.5 million convertible bond sale and purchased 6,564.57 SOL with the proceeds at an average price of $265.65.

The company secures blockchains not only in the Solana ecosystem but also operates validators on the Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks. This expansion strategy is seen as an indicator of the company's long-term confidence in the crypto ecosystem.

Sol Strategies announced that it has changed its investment strategy to focus on accumulating Solana instead of Bitcoin. The company, which currently holds 3,168 BTC, stated that the total value of its Bitcoin assets is around 315,800 dollars.

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