SOL Strategies secured a $500 million convertible note in April 2025 and used the first $20 million tranche from that facility to purchase over 122,000 SOL

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The move comes just weeks after Sol Strategies secured a $500 million convertible note and spent its first $20 million tranche to purchase over 122,000 SOL

Last month, the company announced it had secured a $500 million convertible note facility in partnership with ATW Partners to expand its SOL cryptocurrency holdings.