Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana’s MicroStrategy? Canada’s Sol Strategies bets $25 million on SOL
ALTCOIN NEWS

Solana’s MicroStrategy? Canada’s Sol Strategies bets $25 million on SOL

By Crypto FlexsJanuary 8, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana’s MicroStrategy? Canada’s Sol Strategies bets  million on SOL
Share
Facebook Twitter LinkedIn Pinterest Email
  • Canada-based Sol Strategies has raised more capital for its SOL investment.
  • Crypto VCs predicted optimistic results for SOL once the ETF is approved.

Solana (SOL) MicroStrategy equivalent Sol Strategies has secured CAD $25M (approximately USD $17.4M) in credits for revamping its SOL token purchase and staking service. Part of a statement from the Canada-based company read,

“The company plans to deploy these tokens across key focus areas within the Solana ecosystem, including decentralized finance protocols, validator operations, and providing strategic liquidity for emerging Solana-based projects.”

SOL ETF expectations

Institutional interest in layer 1 platforms could explode in the US market in the coming months. SOL ETF expectations.

According to Andrew Kang of cryptocurrency VC Mechanism Capital, SOL is undervalued relative to its network growth ahead of its first-quarter ETF approval.

Kang also cited the lack of supply overhang like Grayscale as a key catalyst for SOL’s value. He said:

“Certain SOL ETFs have been approved this year in almost, if not the first quarter, with January-March approval deadlines. There is no grayscale overhang like in ETH.”

At press time, bettors at prediction site Polymarket had predicted a 74% chance of SOL ETF approval in 2025.

MicroStrategy Solana

Source: Polymarket

However, SOL suffered from short-term headwinds in the macro environment. Recent US economic data has strengthened tight inflation, which could derail the Federal Reserve’s interest rate cuts in 2025 and impact risk assets.

The market plummeted after the macro update, but cryptocurrencies fell the hardest. SOL gave back its recent gains and erased the entire early January recovery.

As of this writing, it is down 13% and below $200. The next important support levels were $190 and $175.

MicroStrategy Solana MicroStrategy Solana

Source: SOL/USDT, TradingView

Previous: Do Bitcoin ETFs pose a risk to BTC in 2025?

Next: Cardano Whales Buy the Bearish – Analysis of Impact on ADA’s Price Action

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Uncover the Secret of Infinite Coins: The Next Cryptocurrency Revolution – The Defi Info

January 21, 2024

Sell ​​Memecoins as Bitcoin Price Takes Spotlight — Is Meme Season Over?

May 6, 2024

What is railgun (RAIL)? – Bitfinex Blog

May 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.