Today was a historic day for the %Cryptocurrency space as the cost of one %Bitcoin (CRYPTO: $BTC) crossed the psychologically important $100k (USD) level. This breakout was looking imminent over the last few days as the value of the crypto teetered near that level, but with this bullish breakout, investors seem to be ramping up bets for further gains with $200k Bitcoin now being touted in the media as likely by the end of 2025.
With Bitcoin’s breakout, other cryptos are also seeing renewed investor interest with most altcoins seeing positive trading in the day as well. As we’ve been documenting in recent articles, Companies of all sizes are stock piling crypto as well, holding it for various reasons.
Today, %SOLGlobalInvestments Corp. (CSE: $SOL) (OTC: $SOLCF), among the first publicly traded crypto investment companies providing exposure to the rapidly growing Solana ecosystem, announced an additional $1.5 million strategic investment in %Solana (CRYPTO: $SOL) tokens at a price of CDN $331 per token which gives it access to 4533 tokens. This investment reflects SOL Global’ s continued confidence in Solana’s ability to drive the next wave of growth in blockchain technology, decentralized finance (DeFi), and derivatives markets.
The Company’s initial strategy emphasizes owning and staking Solana tokens while making targeted investments exclusively aligned with the Solana blockchain. This focused approach underscores SOL Global’s commitment to supporting and advancing the growth of Solana-based projects and technologies. The Company believes that Solana tokens has established itself as a leader in the blockchain space with its cutting-edge proof-of-history (PoH) consensus mechanism, enabling unparalleled speed, scalability, and cost-efficiency. The Company believes that these features have made it a go-to platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs), and financial derivatives.
Investors cheered on the announcement sending shares of SOL up 7.55% at $0.285 in early-morning trading.
