SOL Strategies has signed a contract with ATW Partners to issue convertible bonds up to 500 million USD. This capital will be used exclusively to purchase Solana coin and participate in Staking to generate periodic profits. The price of Solana is expected to increase strongly from this deal, especially after the recent price breakthrough.
SOL Strategies Inc. (CSE: HODL), an investment company focused on developing and expanding the Solana (SOL) ecosystem, has announced its largest deal to date aimed at purchasing additional SOL coin. On April 23, during the North American trading session, SOL Strategies announced that they have reached an agreement with ATW Partners to issue convertible bonds up to 500 million USD.
According to the announcement, SOL Strategies will issue bonds with an initial total value of 20 million USD for the first closing. The first part of the agreement will be completed on May 1, 2025. This agreement provides additional capacity of up to 480 million USD. The purchased SOL will participate in Staking, and the generated profits will be shared among investors.
This is the largest financial facility of its kind in the Solana ecosystem and the first time directly linked to Staking profits. Securing strategic capital of up to half a billion USD demonstrates our commitment to Solana and our role as a leading organizational Staking platform. Each USD is immediately used to generate profits and enhance value for both our balance sheet and verified enterprise. This structure is not only innovative but also highly scalable," said Leah Wald, CEO of SOL Strategies.
Impact on Solana Price
The convertible bonds will play a key role in the long-term growth prospects for the Solana network. The success of this deal will attract more institutional investors and consolidate the price increase psychology of SOL.
From a technical analysis perspective, SOL's price has successfully recovered after increasing 42% in the past two weeks. On the daily timeframe, SOL's price is forming a 'megaphone' structure, with the next target above 300 USD. Moreover, the daily MACD and Relative Strength Index (RSI) have issued optimistic signals.
