Torrent Capital Announces Disposition of Its Solana Holdings

Core Viewpoint - Torrent Capital Ltd. has successfully sold its remaining Solana (SOL) holdings, generating gross proceeds of approximately $12.4 million CAD, which enhances its cash position and reflects its disciplined portfolio management approach [1][2][3]. Group 1: Financial Performance - The SOL tokens were sold at an average price of $281 CAD, resulting in gross proceeds of approximately $12.4 million CAD and a realized gain of approximately $1.57 million CAD before tax [2]. - The proceeds from the sale are being held in cash and cash equivalents, providing the company with flexibility for future investments [3]. Group 2: Strategic Focus - The divestment of the Solana position is part of the company's strategy to optimize shareholder value through timely and analytical investment decisions [2][3]. - Following the exit from Solana, the company retains upside exposure to approximately 5,000 SOL through option contracts, indicating a continued interest in the digital asset sector [3]. Group 3: Company Overview - Torrent Capital is a publicly traded investment issuer that actively manages a portfolio of public equities, digital assets, and private investments, aiming for above-market returns while maintaining transparency and liquidity [4].