So, you know that company that’s just obsessed with Solana? Yeah, they’re at it again 🙄. They just bought another 17,760 SOL tokens because, why not? I mean, who needs diversity in their portfolio, right? 🤷♂️
Now they’re holding onto over 640,000 SOL, which is valued at a whopping $96 million. I guess that’s what happens when you’re trying to corner the market on a particular cryptocurrency 💸. And don’t worry, they’ve got plenty of cash to throw around after that $112.5 million fundraising round. I mean, who needs to be frugal when you’re swimming in cash like Scrooge McDuck? 🏊♂️
It’s worth noting that the company has been on a Solana buying spree since April, when some ex-Kraken bigwigs took the reins. And they’re not just buying it up willy-nilly; they’ve got a whole strategy in place to mitigate risk for their investors. Because, you know, that’s what responsible companies do… right? 🤔
According to the company, they paid an average of $153.10 per SOL, which comes out to around $2.72 million. And if you’re wondering how they measure the strength of their on-chain treasury, they’ve got a fancy “SOL per share” metric that’s currently sitting at 0.042 as of July 3. Because, you know, who doesn’t love a good benchmark? 📊
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2025-07-04 15:11