Mentioned:
The excitement around Solana has been heating up within the traditional public markets. And now, there’s a new publicly traded company getting serious about accumulating Solana.
What’s happening:
- SOL Global Investments (CSE: SOL) has purchased $2 million of Solana to hold directly as an asset
Why it matters:
- Publicly traded companies buying Solana has quickly become an emerging new trend, which has begun to accelerate alongside of the price of Solana hitting fresh all time highs
Going deeper:
- Following the enormous success of both spot Bitcoin ETFs and spot Ethereum ETFs listing on major stock exchanges in the United States, there has been a growing speculation that Solana might become the next digital asset spot ETF to land approval from American regulators
- The entire Solana ecosystem has been seeing explosive growth in both active wallet addresses and trading volumes recently, as well as also being notably relisted back onto Robinhood (NASDAQ: HOOD)
The intrigue:
- SOL Global Investments has also publicly stated their intent to raise more capital through equity financings for the sole purpose of acquiring Solana
