Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 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

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

Chinese workers paid in CBDC are cashing it out for real money: Report

May 13, 2024

CZ and Binance face new lawsuit, RFK Jr suspends campaign: Hodler’s Digest Aug. 18

August 25, 2024

5 Dog Coins to Watch This April – Could Doge Day and Bitcoin Halving Boost Prices?

April 3, 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.