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    Home » Canadian Investment Firm Liquidates Bitcoin to Leverage Solanas Growth Opportunities
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    Canadian Investment Firm Liquidates Bitcoin to Leverage Solanas Growth Opportunities

    By adminOct. 30, 2024No Comments1 Min Read
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    Canadian Investment Firm Liquidates Bitcoin to Leverage Solanas Growth Opportunities
    Canadian Investment Firm Liquidates Bitcoin to Leverage Solanas Growth Opportunities
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    Sol Strategies, a cryptocurrency investment firm based in Canada, has decided to shift its portfolio by selling its Bitcoin holdings and investing in Solana.
    The firm announced that it sold 24.5026
    BTC
    , yielding approximately $2.35 million CAD at an average price of $95,878.28 CAD.
    With the proceeds from this sale, Sol Strategies acquired 12,389
    SOL
    tokens, boosting its total Solana holdings to 130,125.2186 SOL, currently valued at around $32.2 million CAD ($23.51 million USD).
    Leah Wald, the CEO of Sol Strategies, emphasized the firm’s strategic decision, stating that reallocating funds from Bitcoin to Solana aligns with their vision of capitalizing on Solana’s potential in the decentralized finance sector.
    READ MORE:


    China’s Shift to Quantitative Easing Could Propel Bitcoin as a Safe Haven, Says BitMEX Founder
    She noted that while Bitcoin remains foundational to the digital asset ecosystem, Solana’s growth and innovative features position it well for the future of blockchain infrastructure.
    With this move, Sol Strategies aims to leverage Solana’s capabilities to navigate the evolving landscape of cryptocurrencies.

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