Solana treasury company SOL Strategies plans to raise $25 million through a stock offering to support the increase of SOL holdings

ChainCatcher news, Solana Treasury Company SOL Strategies announced that it has completed a private placement financing of $25 million by selling common shares and common share purchase warrants in accordance with the listing issuer financing exemption requirements of the Canadian Securities Administrators. Canaccord Genuity Corp. will act as the lead agent and exclusive bookrunner. The proceeds from the fundraising will be used for general corporate purposes and digital asset investments, driving the growth of the SOL Treasury.