MicroStretegy, one of the largest institutional Bitcoin (BTC) bulls, continues its BTC sell-off strategy. At this point, the company that issued bonds to buy more Bitcoin continues to make regular BTC purchases. While MicroStrategy attracts attention with its Bitcoin strategy, Canadian investment company SOL Strategies attracts attention with its Solana strategy. SOL Strategies, which has made a name for itself with its Solana acquisitions, said it has secured $500 million in convertible notes to buy more SOL. At this point, SOL Strategies announced that it signed a $500 million deal with New York-based investment firm ATW Partners. Sol Strategies said the deal with ATW Partners is the first of its kind and the largest in the Solana ecosystem. Leah Wald, CEO of SOL Strategies, said: “We are doubling down on our belief in Solana and our commitment to being the leading institutional staking platform. “Additionally, this agreement is the largest financing facility of its kind in the Solana ecosystem and the first directly tied to staking yield.” Wald also said that acquiring Solana would help the company become the leading institutional staking platform. Under the deal, the company will issue $20 million in bonds as the first tranche, with an additional $480 million in bonds expected to be issued later, subject to certain conditions. “Under this new structure, interest on the Notes will be paid on SOL, calculated at up to 85% of the staking yield generated by the SOL acquired through the facility and staked by SOL Strategies,” the company explained. *This is not investment advice. Continue Reading: MicroStrategy Tactic from the Giant Company: They Are Constantly Buying This Altcoin! Finally, a Giant Move of $500 Million Has Come!
