PANews reported on December 31 that Sonic Labs has announced an update, stating that it has invested in SonicStrategy through convertible bonds, representing 126 million S tokens, with an initial valuation of $40 million. This investment aims to support validator operations and ecosystem growth. If a Nasdaq listing is not achieved, the tokens will be returned and burned. Due to market downturn, the bond term has been extended by three years. SonicStrategy has already raised $9 million and has never sold any S tokens. This model aims to bridge traditional capital markets with on-chain participation, drawing on precedents such as SOL Strategies to create a compliant and sustainable market access path.