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Cryptocurrency News Articles
SOL Global Announces Additional Solana Token Acquisition and Applauds President Trump's Commitment to Solana as a Strategic Digital Asset
Mar 03, 2025 at 10:05 pm
SOL Global has purchased an additional 9,716 Solana tokens, bringing the Company's total Solana holdings to 40,350 tokens
SOL Global, one of the first publicly traded companies focused on institutional Solana investments, has closed the acquisition of 12,828 Solana tokens as announced on February 4, 2025. The Company also acquired an additional 9,716 Solana tokens at an average price of US$145 per token for a total acquisition price of US$1,410,624. The purchase brings the Company's total Solana holdings to 40,350 tokens.
The acqusitions follow President Donald J. Trump's strong stance in support of cryptocurrency and his proposal to establish a US Crypto Reserve, which would include Solana, as part of a broader plan to integrate blockchain technology and digital assets into the US financial system.
"The momentum behind digital assets is accelerating, and President Trump's recognition of crypto's strategic importance through the proposed US Crypto Reserve is a major step forward," said Paul Kania, interim CEO and CFO of SOL Global. "As an institutional investor in Solana, we view this as a validation of blockchain's role in the financial system. Our latest acquisition of Solana tokens not only strengthens our position in the ecosystem but also contributes to its growth and liquidity at a time when institutional adoption is gaining serious traction."
SOL Global remains committed to supporting the expansion of the Solana ecosystem and believes regulatory clarity and government engagement are crucial to unlocking the full potential of digital assets in the United States.
SOL Global Investments Corp. is pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana.
SOL Global is listed on the CSE under the symbol "SOL", on the OTC markets in the United States under the symbol "SOLCF", and in Germany on the FSE under the symbol "9SB".
For Further Information Please Contact:
SOL Global Investments Corp.Paul Kania, Interim CEO, CFO Tel: (212) 729-9208 Email: info@solglobal.com Website: https://solglobal.com/
About SOL Global Investments Corp.SOL Global is one of the first publicly traded companies in the world focused on institutional Solana investments. The Company is focused on acquiring a significant portion of the circulating supply of the Solana token, which will be used to provide public exposure to the Solana blockchain and invest in early-stage ventures being built on Solana. SOL Global is also planning to stake its Solana tokens to generate yield and support the ecosystem.
SOL Global is committed to expanding the Solana ecosystem and believes that regulatory clarity and government engagement are crucial to unlocking the full potential of digital assets in the United States. The Company is also exploring opportunities to invest in other promising blockchain projects and technologies.
SOL Global's mission is to be a leading investor and supporter of the blockchain and digital asset revolution. The Company is committed to providing its investors with the opportunity to participate in the growth of this exciting new sector.
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