Giant Company’s MicroStrategy Strategy: They Keep Buying This Altcoin! Recently, a Massive Move of 500 Million Dollar Came!

One of the largest institutional Bitcoin (BTC) bulls, MicroStretegy, continues its BTC buying strategy.

At this point, the company issuing bonds continues to make regular BTC purchases to acquire more Bitcoin.

While MicroStrategy draws attention with its Bitcoin strategy, the Canadian investment company SOL Strategies is gaining attention with its Solana strategy.

SOL Strategies, while making a name for itself with Solana purchases, announced that it secured $500 million in convertible bonds to buy more SOL.

At this point, SOL Strategies announced that it has signed a $500 million agreement with the New York-based investment firm ATW Partners.

Sol Strategies stated that the agreement with ATW Partners is the first of its kind and the largest agreement in the Solana ecosystem.

SOL Strategies CEO Leah Wald said:

"We are doubling down on our belief in Solana and our determination to be a leading institutional staking platform.

Additionally, this agreement is the largest funding facility of its kind in the Solana ecosystem and the first agreement directly tied to staking returns.

Wald also stated that purchasing Solana would help the company become a leading institutional staking platform.

With the agreement, the company will issue a bond worth 20 million dollars as the first tranche. An additional bond issuance of 480 million dollars is also expected later, subject to certain conditions.

The company stated, "In this new structure, the interest on the Bonds will be paid in SOL calculated based on up to 85% of the staking returns generated by SOL acquired through the facility and staked by SOL Strategies."