PANews reported on April 23 that SolanaFloor reported that SOL Strategies, a Canadian stock exchange listed company, has received a convertible note financing of up to US$500 million from ATW Partners, the largest financing of its kind in the Solana ecosystem. The funds will be used exclusively to purchase SOL and stake it on the validator nodes operated by the company. The first payment of US$20 million is scheduled to be completed on May 1, and the staking income will be shared by both parties.