The Canadian Crypto Investment Firm Sol Strategies has announced a $ 500 million convertible note facility to focus on Solana-Investment products.
The capital is exclusively to be marked for purchase and staking Sol tokens. In addition, the agreement will allow the firm to run the staking validators directly. The first tranche, worth $ 20 million, is expected to close on May 1, with subsequent drawdowns depending on performance and market conditions.
According to CEO Leah Wald, it is not only the pouring of capital but an infrastructure play. She is Nakasa said:
Each dollar deployed immediately generates yield
Usually, the structure is directly tied to financing with staking rewards, a first for the Solana network.
Breaking: The Sol Strategies Secures Landmark USD $ 500m Convertible Note Facility with ATW Partners to expand Sol Holdings.
This first-of-its-kind structure is exclusively for SOL purchases and staking our validators, with interest paid to Sol.
It represents the biggest… pic.twitter.com/p9sb4drm6o
– Sol Strategies (CSE: Hodl | OTCQX: CYFRF) (@solstrategies_) April 23, 2025
Solana's institutional exposure continues to grow
Sol strategies plan to route the staked sol by its own validator operations, with interest in notes paid to Sol – up to 85% of the generated produce formed.
The use of traditional financial instruments such as changing notes, combined with blockchain -based incentives, shows increasing sophistication of crypto capital markets. Wald also confirmed that the company is actively preparing for a potential NASDAQ revolt, suggesting greater ambitions.
This strategic pivot came as Solana continued to dominate the crypto space throughout the metrics. As the cryptomode reported, the amount of DEX in the network has been exceeded by Ethereum's in recent months, and the rise of Solana ETPS and Memecoin's speculation has been re -granted both retail and institutional interests.
For Sol techniques, the deal reinforces their convincing Solana's long-term flexibility as a high-throughput blockchain. Wald said:
We double, this structure is not just innovative – it is highly measured.
