The excitement around Solana is starting to find its way into the traditional public markets. And there’s a Canadian public company who wants to be a first mover in capturing the opportunity.

‍What’s happening:‍

• Sol Strategies (CSE: HODL) has recently refocused their mission to becoming a large owner of Solana as well as providing unique exposure to other Solana based projects and staking infrastructure
  

Why it matters:‍

• Solana has been beginning to infiltrate the public markets, with multiple ETFs being approved for Solana in Brazil and Canadian asset management company 3iq filing to list a Solana ETF on the Toronto Stock Exchange
  
• The entire Solana ecosystem has been seeing an explosion in developer activity and product launches lately, with Solana officially debuting their newest mobile phone and PayPal (NASDAQ: PYPL) putting their stablecoin on the Solana blockchain for the first time
  

By the numbers:‍

• Sol Strategies currently owns 105,389 Solana tokens which has a market value of approximately $16.8M USD
  

Going deeper:‍

• Sol Strategies is also operating their own validator node on Solana as another way to generate revenue and token based rewards
  

The intrigue:‍

• Sol Strategies is not the only publicly traded company to begin acquiring Solana to hold directly as an asset, with DeFi Technologies (CBOE: DEFI) also previously making a purchase of Solana

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