The U.S.-based tech company has made a new investment of around $2.72 million in Solana (SOL), aligning with its long-term strategy.
The Nasdaq-listed tech firm specializing in DeFi and blockchain technology continues to expand its cryptocurrency portfolio. According to the company's official announcement, a total of 17,760 SOL tokens were purchased at an average price of $153.10 each. Following this latest acquisition, the company's total SOL holdings increased to 640,585 tokens, amounting to an approximate market value of $98.1 million.
The company plans to hold these SOL tokens long-term, generating passive income through staking with various validators. Additionally, it actively supports the growth and security of the Solana ecosystem through its own validator nodes.
Meanwhile, the recent launch of the first staking-backed Solana ETF in the U.S. briefly pushed SOL’s price up by 6%, reaching as high as $160. However, the gains were short-lived due to overall market declines, and the price reverted to around $151.
