The Markets

SOL Global Increases Stake In McQueen Labs, Tokenizing Collector Cars On Solana Blockchain
  • SOL Global Investments has entered into a binding LOI to increase its stake in McQueen Labs Inc. (MCQ Markets), a platform focused on tokenizing high-value collector cars on the Solana blockchain, with an additional investment of $1.16 million
  • The deal brings SOL Global’s total McQueen holdings to 4,007,408 shares
  • The investment aligns with SOL Global’s commitment to real-world asset tokenization (RWA), marking another step in its strategy to expand exposure to Solana blockchain innovation. The transaction is expected to close on or about February 4, 2025.

SOL Global Increases Stake In McQueen Labs, Tokenizing Collector Cars On Solana Blockchain
  • SOL Global Investments has entered into a binding LOI to increase its stake in McQueen Labs Inc. (MCQ Markets), a platform focused on tokenizing high-value collector cars on the Solana blockchain, with an additional investment of $1.16 million
  • The deal brings SOL Global’s total McQueen holdings to 4,007,408 shares
  • The investment aligns with SOL Global’s commitment to real-world asset tokenization (RWA), marking another step in its strategy to expand exposure to Solana blockchain innovation. The transaction is expected to close on or about February 4, 2025.

Bitfarms Selling 200 MW Bitcoin Mining Facility In Paraguay To HIVE Digital
  • Bitfarms has entered into a binding LOI with HIVE Digital Technologies to sell its 200 MW Bitcoin mining site in Yguazu, Paraguay, for approximately $85 million
  • The sale includes a state-of-the-art facility designed for large-scale Bitcoin mining and aligns with Bitfarms’ focus on optimizing its global operations
  • The transaction is expected to close in Q1 2025
  • SOL Global Lands $10 Million Strategic Investment
  • SOL Global Investments has secured a C$10 million unsecured convertible debenture from a strategic investor, convertible into shares and warrants at $0.50 per unit
  • 70% of the proceeds will be used to acquire Solana tokens, reinforcing SOL Global’s focus on blockchain investments and decentralized ecosystems
  • The new funds complement the recent launch of SOL Global Ventures, which aims to back early-stage Solana ecosystem projects
  • SOL Global Launches Solana Ecosystem Venture Arm And Debut Investment In Stay Inc.
  • SOL Global Investments has launched SOL Global Ventures, a subsidiary focused on early-stage investments in the Solana blockchain ecosystem, and announced its first investment in Stay Inc
  • Their debut investment will be $1–1.5 million in Stay Inc., a short-term rental platform co-founded by TV personality Scott McGillivray, aims to integrate Solana’s blockchain technology to streamline payments, improve security, and incentivize community engagement in the rental market
  • Stay Inc. plans to use Solana’s low-cost, high-speed blockchain infrastructure to reduce transaction fees, enhance transparency with tamper-proof records, and implement token-based loyalty programs for hosts and guests
  • Oxbridge Approves Bitcoin And Ethereum As Treasury Reserve Assets
  • Oxbridge Re Holdings has approved Bitcoin and Ethereum as treasury reserve assets, aligning with its blockchain initiatives and focus on inflation-resistant, long-term growth opportunities
  • Through its Web3 subsidiary, SurancePlus, Oxbridge is tokenizing reinsurance contracts, offering tokenized Real-World Assets (RWAs) targeting returns of 20% and 42% for balanced-yield and high-yield tokens, respectively
  • SurancePlus aims to democratize access to reinsurance investments, previously limited to ultra-high-net-worth investors, using blockchain technology to make the asset class more inclusive
  • Dogecoin ETF “Very Likely” To Be Launched On Major Stock Exchange in USA, says Wintermute
    • Top crypto market makers and trading company Wintermute believes a Dogecoin ETF may be imminent, following the success of spot Bitcoin and Ethereum ETFs
    • Dogecoin continues to expand its utility, now being used as a form of payment with companies such as Tesla (NASDAQ: TSLA) and AMC
    • Currently, no asset management company has ever filed a formal application for a Dogecoin ETF in the United States
    WonderFi Announces Acquisition Of Solana-Focused Blade Labs
  • WonderFi Technologies has acquired Solana-focused intellectual property from Blade Labs, including the Bokken debugging tool and other infrastructure, to bolster its on-chain capabilities
  • The acquisition follows significant growth in the Solana ecosystem, with its token SOL reaching a $90 billion market cap and over 4.5 million daily active addresses
  • WonderFi aims to leverage Blade Labs’ tooling to enhance its decentralized financial products and further its support of the Solana network