SOL Strategies plans to raise $1 billion amid Solana optimism
SOL Strategies files $1B prospectus with Canadian regulators
SOL Strategies, a publicly traded Solana infrastructure firm, has submitted a preliminary prospectus to Canadian securities regulators, aiming to raise up to $1 billion.
While the filing spans all Canadian provinces and territories, the company emphasized it does not yet plan to issue any securities, reports Cryptopolitan.
The move is designed to improve financial flexibility over the next 25 months, giving SOL Strategies the ability to issue common shares, debt instruments, warrants, or subscription receipts if needed. CEO Leah Wald noted that the decision aligns with the company’s long-term growth strategy within the Solana ecosystem.
Company doubles down on SOL and staking services
The prospectus filing follows a recent $18.25 million SOL purchase by SOL Strategies, which pushed its total holdings to 349,322 SOL. The company also operates enterprise-grade validator services, currently staking around 3.5 million SOL across 5,500 wallets for corporate clients.
To support this infrastructure, SOL Strategies completed key security certifications, including SOC 1, SOC 2, and ISO 27001. In a further sign of commitment, it announced plans to tokenize its own shares on Solana via the Superstate Opening Bell platform—potentially becoming the first public firm to do so.
Wave of Solana treasury adoption by public companies
SOL Strategies’ $1 billion plan comes amid growing interest in SOL as a corporate treasury asset. Real estate firm Janover, now renamed DeFi Development Corp., recently bought 251,842 SOL and filed its own $1 billion securities offering. Similarly, Upexi raised $100 million for SOL purchases, while Japan’s Remixpoint has also joined the trend. These moves reflect a broader shift mirroring MicroStrategy’s Bitcoin strategy, positioning Solana as the next institutional crypto play.
Recently we wrote that MetaMask has officially added support for Solana on its browser-based extension, allowing users to trade, swap, and bridge Solana-based tokens as well as access dApps in the Solana ecosystem.
