Crypto
The purchase will increase SOL Global’s Total Solana Holdings to 30,601 Tokens
SOL Global Investments Corp. (CSE: SOL) (FSE: 9SB) (“SOL Global” or the “Company”), one of the first publicly traded companies focused on institutional Solana investments, has announced that it has entered into a Purchase and Sale Agreement dated February 3, 2025 (the “Agreement”) for the acquisition of 12,828 Solana tokens (the “Tokens”).
SOL Global will acquire the Tokens at a price of US$192 per Token for an aggregate purchase price of US$2,462,976. The transaction was executed using USDC stablecoin to ensure efficiency and security. The acquired tokens are subject to the vesting schedule outlined in the Agreement in which a percentage of tokens are released incrementally every single month, with the final tokens being released by January 7, 2028. The transaction is expected to close on or about February 22, 2025.
“This new purchase of Solana tokens is highly accretive for shareholders, as it was done at a meaningful discount to spot Solana prices by way of a private transaction with a strategic trading partner,” said Paul Kania, interim CEO and CFO of SOL Global. “We are committed to providing traditional public markets investors with exposure to the Solana ecosystem and we are very excited to have acquired more Solana tokens at a time when the entire Solana ecosystem continues to break records for trading volumes and fee generation.”
For Further Information Users Can Contact:
SOL Global Investments Corp.
Paul Kania, Interim CEO, CFO
Tel: (212) 729-9208
Email: [email protected]
Website: https://solglobal.com/
About SOL Global Investments Corp.
SOL Global is pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana.
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