News

Sol Strategies, a Canadian listed company, announced that between January 19, 2025 and January 31, 2025, the company completed the purchase of an additional 40,300 SOLs at a price of approximately 14,337,332 Canadian dollars (9,935,329 U.S. dollars), with an average price of 355.77 Canadian dollars (246.53 U.S. dollars) per SOL, including fees and expenses. The company also completed a $2.5 million second tranche of convertible bonds private placement, the total proceeds of which were satisfied by paying 6,564.47 SOLs, with an average price of 380.84 Canadian dollars (265.65 U.S. dollars) per SOL. As of January 31, 2025, Sol Strategies and its subsidiaries held a total of approximately 189,968 SOLs with a total purchase price of approximately C$48.7 million, an average purchase price of approximately C$256.21 per SOL, including fees and expenses, which was valued at C$63.7 million based on the closing price of SOL on January 31, 2025.

According to BlockBeats, on February 4, Bitcoin Depot (NASDAQ: BTM), a US Bitcoin ATM operator, announced that it had purchased an additional $5 million in Bitcoin as part of its financial strategy, which was first announced in June last year. With the purchase of 51 BTC yesterday, the company now holds 71.5 Bitcoins. Bitcoin Depot is the Bitcoin ATM operator with the highest market share in North America, with approximately 8,400 self-service terminals.