Sol Strategies Provides Update on SOL Purchases

Core Insights - Sol Strategies Inc. is focused on investing in and providing infrastructure for the Solana blockchain ecosystem, recently making strategic purchases of SOL to support its growth initiatives [1][2][3] Group 1: Recent Purchases - During the week ending March 7, 2025, Sol Strategies acquired 24,000 SOL by exercising call options at an exercise price of USD $130 per SOL, totaling CAD$4,783,785 (USD $3,343,200) [2] - The average purchase price for these SOL was CAD$199 (USD $139) per SOL, which includes option premium costs [2] - This acquisition aligns with the company's strategy to expand its SOL holdings to bolster its validator operations and long-term investment in the Solana ecosystem [2] Group 2: Company Overview - Sol Strategies Inc. operates as a Canadian investment company specializing in the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [3] - The company is publicly traded on the Canadian Securities Exchange under the ticker HODL and on the OTCQX under CYFRF [1][3]