Sol Methods, a Canadian holding firm investing within the Solana blockchain, accessed $4 million from an amended CAD $25 million credit score facility settlement to fund its strategic Solana investments.
Sol Methods Expands Solana Investments with CAD $4 Million Drawdown
Based on the announcement, the CAD $25 million unsecured revolving credit score facility, amended on January 6, 2025, is offered by Antanas Guoga, Chairman and Director of Sol Methods.
Large information! Sol Methods (CSE: HODL) has secured a CAD $25M credit score facility to speed up our acquisition of Solana (SOL) tokens.
This strategic transfer strengthens our dedication to Solana’s ecosystem and long-term development.
Study extra: https://t.co/3YTQZ0lMs7
— Sol Methods (CSE: HODL | OTC: CYFRF) (@solstrategies_) January 7, 2025
The power permits the corporate to attract funds for Solana token purchases to help its operations and ecosystem investments.
The $4 million drawdown shall be directed towards large-scale token acquisitions, which Sol Methods plans to deploy throughout the Solana ecosystem.
This consists of supporting decentralized finance protocols, validator operations, and liquidity provision for brand new Solana-based tasks.
The drawn quantities will accrue 5% curiosity every year, payable by maturity, until the lender calls for early compensation.
“I’m making this capital accessible to Sol Methods due to how deeply I consider in each the company methods and Solana itself.,” mentioned Antanas Guoga, Chairman of Sol Methods.
Leah Wald, CEO of Sol Methods, added, “Our staking technique is very profitable, and we’re assured that our expanded place in Solana will generate substantial returns for our shareholders.”
This financing qualifies as a “associated occasion transaction” underneath Canadian securities regulation as a result of Antanas Guoga serves as the corporate’s director and majority shareholder.
Nonetheless, the corporate has deemed the phrases truthful and affordable based mostly on market comparisons.
As a result of facility’s measurement relative to Sol Methods’ market capitalization, the corporate is exempt from sure reporting and approval necessities underneath Canadian regulation.
Sol Methods Inventory Drops 2.6% however Maintains Large 6-Month Features
Shares of Sol Methods (HODL.CN) dropped 2.6% yesterday, closing at $2.999. Regardless of the decline, the inventory has delivered a 2,500% return over the previous six months.
This surge started in December after the acquisition of three extra Solana validators, following the November buy of 4 validators from Cogent Crypto.
https://t.co/3GYJlQrpXL
— Cryptonews.com (@cryptonews) December 22, 2024
Sol Methods has seen substantial development since its rebranding from Cypherpunk Holdings on September 12, 2024.
Its inventory value climbed from $0.16 in September to its present degree, delivering over 1,700% returns to buyers.
Over the previous three months, the inventory has gained 1,000%, outpacing Solana’s (SOL) personal 50% rise.
The corporate’s growth into the Solana ecosystem has pushed this development.
As of H2 2024, it stakes 948,242 SOL, valued at $202.9 million, and holds 142,031 SOL, price $30.4 million as of December 11.
Wanting forward, Sol Methods is making ready for added developments in 2025, together with a possible Nasdaq itemizing.
The submit Sol Methods Secures CAD $25M Credit score Facility for Solana Investments appeared first on Cryptonews.
