STRETEGIES Inc. (CSE: HODL) has announced an additional purchase of Solana parts (floor) to strengthen its balance sheet. The Canadian company announced Thursday that it had acquired 26,478 additional soil rooms for $ 4.7 million at an average price of around $ 177.
According to the announcement, Sol Strategies sold its remaining 3.21 bitcoins at an average price of around $ 103,251, thus earning a total of $ 331,000. As a result, the company now has a total of 420,355 soil, worth more than $ 70 million.
“These transactions are aligned with the targeted strategy of the company to concentrate its assets of digital assets in soil to support its operations as a validator and its long -term investment approach in the Solana ecosystem,” noted the company.
Solana growing demand by institutional investors
As a high-level crypto project in the United States, Solana Network has considerably benefited from the growing demand for institutional investors. In addition to the soil strategies, the Solana network has received a significant boost from other listed companies led by Janover Inc. (Nasdaq: JNVR), which bought 80,567 FOLANA pieces worth $ 10.5 million last month.
To date, Janover held around 163,651 floor pieces, worth around 27 million dollars. The Solana network has also received a significant boost from fund managers seeking to offer its ETF STAGE SPOT in the United States, led by Grayscale, Franklin Templeton, Vaneck, Bitwise, 21Shares, Fidelity and Canary Capital.
What’s following for Sol Price
As May is approaching the end of the weekend, Sol Price will probably follow Bitcoin in an optimistic potential rebound. In addition, the ground price has been trapped in a consolidation in the last three weeks.
Within the daily time, Sol Price has formed a possible bullish continuation model. Consequently, a coherent fence greater than $ 185 in the coming days will consolidate a rally towards the next target of more than $ 210. However, a coherent fence below $ 159 can lead to a new sale, possibly around $ 144.
