SOL Strategies and Solmate Add $135M in Solana During Market Crash with 15% Discount

Core Insights - SOL Strategies and Solmate have made significant purchases of SOL tokens, taking advantage of recent market downturns to expand their holdings at discounted prices [1][5] Group 1: SOL Strategies - SOL Strategies purchased 88,433 SOL tokens from the proceeds of a C$30 million LIFE offering, at an average price of $193.93 per SOL [2] - The transaction included approximately 79,000 locked SOL tokens acquired from the Solana Foundation at a 15% discount, alongside open-market purchases [2][3] - The total SOL holdings of SOL Strategies now amount to 435,064 SOL, valued at approximately $85.9 million [4] Group 2: Solmate Infrastructure - Solmate Infrastructure confirmed a $50 million SOL purchase from the Solana Foundation at a 15% discount during a volatile period in the crypto market [5] - The deal allows the Solana Foundation to nominate up to two directors to Solmate's Board, indicating a strategic partnership [6] - Cathie Wood's Ark Invest has taken an 11.5% stake in Solmate, marking a significant investment in the crypto infrastructure space [7]