- Sol Strategies agreed with ATW partners to issue a convertible note that can up to $ 500 million.
- The capital will be used exclusively to buy Solana and dotted parts to offer regular yields.
- Solana Price will benefit from the agreement, in particular after the recent increased escape.
Sol strategies Inc. (CSE: HODL), an investment company focused on the development and growth of the Solana ecosystem (soil), announced the largest transaction aimed at acquiring more soil parts. On Wednesday, April 23, during the US Mid-North American negotiation session, Sol Strategies announced that it had signed an agreement with Atw Partners to issue a convertible note that could reach $ 500 million.
According to the announcement, Sol Strategies will issue tickets for a total amount of $ 20 million as the first initial fence. The first tranche of the agreement will end by May 1, 2025.
The agreement will offer an additional capacity of up to $ 480 million. The soils acquired will be punctuated and the generated yield shared between investors.
“This is the largest financing center of this type in the Solana ecosystem and the very first directly linked to a stimulation yield. Stable ”, Leah Wald, chief executive of sol note.
Impact on Solana’s price
Convertible notes will play a crucial role in the long -term growth perspectives of the Solana network. In addition, its success will attract more institutional investors and strengthen the upcoming soil.
From the point of view of technical analysis, Sol Price has managed to bounce back after the 42% rally in the past two weeks. Within the daily time, the Sol price has formed a megaphone structure, with the next target greater than $ 300.
In addition, the daily indicators of the MacD and the relative force (RSI) have already flashed up the bullish feeling.