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Crypto

SOL Global Is Now Staking Solana

December 6, 2024
x min read
SOL Global Solana
Mentioned:

Publicly traded companies keep buying Solana. Now, they’re getting into staking too.

What’s happening:

  • SOL Global Investments (CSE: SOL) has announced they have begun staking their Solana tokens

By the numbers:

  • SOL Global Investments has begun staking 8,123 Solana tokens
  • Currently, SOL Global Investments is earning a yield of approximately 5.6% annually from staking
  • SOL Global Investments also just raised $3.6M CAD in an equity financing which they have publicly stated they intend to use solely to acquire more Solana

Why it matters:

Going deeper:

  • Solana has also continued to shatter records for user growth, trading volumes and transaction fees, as more and more developers continue to build new digital asset applications and protocols on top of the Solana blockchain

The intrigue:

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by SOL Global Investments for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of SOL Global Investments without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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