šŸ”„Airdrop Is LivešŸ”„ CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT join the Airdrop at the official website, CryptosHeadlinesToken.com
Advertise here

Giant Company Sold Bitcoin (BTC) and Bought This Altcoin Instead!



Canada-based cryptocurrency investment firm Sol Strategies sold Bitcoin (BTC) and bought Solana (SOL) instead.

The company announced that it purchased 12,389 SOL with the proceeds from the sale of its Bitcoin assets.

With the latest acquisition, the company now has 130,125.2186 SOL on hand, worth $32,202,081 CAD ($23.51 million USD).

At the same time, Sol Strategies sold 24.5026 Bitcoins at an average price of $95,878.28 CAD, generating gross proceeds of $2,349,267 CAD. The company still has an additional 23,168 Bitcoins worth approximately $2,250,466 CAD.

Leah Wald, CEO of Sol Strategies, said:

ā€œReallocating a portion of our Bitcoin assets to Solana reflects Sol Strategiesā€™ strategic alignment with Solanaā€™s evolving value proposition in the decentralized finance space.

ā€œAs Bitcoin continues to underpin the digital asset landscape, we recognize that Solanaā€™s growth trajectory and innovative capabilities are uniquely positioned to drive the next phase of blockchain infrastructure.ā€

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *