Sol strategies secures up to usd $500 million convertible note facility to expand sol holdings

Initial usd $20 million tranche; capital to be exclusively allocated to sol purchases and validator growth toronto, ontario--(newsfile corp. - april 23, 2025) - sol strategies inc. (cse: hodl) (otcqx: cyfrf) (formerly, cypherpunk holdings inc, "sol strategies" or the "company"), a publicly traded canadian company dedicated to investing in and providing infrastructure for the solana blockchain ecosystem, today announced that it has entered into an arm's length agreement for the issuance of a convertible note (the "notes") facility of up to usd $500 million (the "facility") with atw partners (the "investor"), signed on april 23, 2025. this facility marks a first-of-its-kind in digital asset financing: capital is exclusively earmarked for purchasing sol tokens, to be staked on validators operated directly by sol strategies, with yield shared between the parties.
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