Odaily News Between January 19 and January 31, Sol Strategies, the “Solana version of microstrategy,” spent approximately $9.93 million to acquire 40,300 SOLs at an average price of $246.53, including fees and expenses. The company also completed a second convertible note private placement of $2.5 million, the total proceeds of which were paid by 6,564.47 SOLs.
As of January 31, Sol Strategies and its subsidiaries held a total of 189,968 SOLs at an average price of $179, worth nearly $40 million.
The company also announced that Chief Investment Officer Moe Adham will resign on January 30 due to his family's relocation to Tokyo. Adham joined Sol's board in 2018.