PANews reported on February 4 that Sol Strategies, a Canadian listed company, issued an announcement disclosing that between January 19, 2025 and January 31, 2025, the company completed the purchase of an additional 40,300 SOLs at a price of approximately 14,337,332 Canadian dollars (9,935,329 US dollars), with an average price of 355.77 Canadian dollars (246.53 US dollars) per SOL, including fees and expenses.

The Company also completed a $2.5 million private placement of its second tranche of convertible notes, the gross proceeds of which were satisfied by the payment of 6,564.47 SOLs at an average price of CAD$380.84 (USD$265.65) per SOL.

As of January 31, 2025, Sol Strategies and its subsidiaries held a total of approximately 189,968 SOLs with a total purchase price of approximately C$48.7 million, an average purchase price of approximately C$256.21 per SOL, including fees and expenses, valued at C$63.7 million based on the closing price of SOL on January 31, 2025.