Solana Crypto Price: Sol Strategies’ $500M SOL Bet, Possible Impact

Canadian investment firm Sol Strategies recently secured a $500 million convertible note facility with ATW Partners. This fund is intended to expand the company’s Solana (SOL) holdings.

Notably, this is the firm’s first-of-its-kind, and according to Sol Strategies’ update on April 23, it is designed for the exclusive purchase of SOL and staking.

Sol Strategies and Surging Accumulation of Solana Crypto

Sol Strategies has made headlines regarding its Solana accumulation in the last few months. The firm has consistently increased its holdings of the asset.

Its focus is usually on investments and infrastructure for the Solana blockchain. The company plans to support its validator operations via staking with the newly secured $500 million facility.

Meanwhile, it is worth noting that the funds will be released in tranches of tens of millions.

The first tranche of the fund facility will feature a capital of $20 million. In comparison, additional drawdowns of up to $480 million will follow. However, these alternative funds will be subject to certain conditions.

Per a news release, the initial closing is expected to occur on or around May 1, 2025. Sol Strategies has completed some Solana crypto (SOL) acquisitions in the last few months.

In February, the Canadian publicly traded company spotlighted some SOL investments made between January 31 and February 7 this year.

Specifically, it invested $5,053,303 in purchasing 23,374 SOLs, costing an average of $207.33, including fees and expenses.

Institutional Embrace of Solana Crypto is Growing

Other institutions have also adopted a Solana treasury strategy in addition to Sol Strategies. The growing adoption reflects confidence in the performance and long-term potential of Solana crypto.

Cathie Wood’s ARK Invest recently made its first direct purchase of SOL through 3iQ’s SOLQ ETF, a Canada-based staking fund. Ark Invest already has some exposure to United States-based crypto exchange-traded funds (ETFs).

The firm made these acquisitions through the ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW).

This investment in SOL will mark the first inclusion of such a holding in ARK’s U.S.-based ETFs. It also serves as further proof of growing institutional interest in the blockchain.

Price Prediction Amid Blockchain Performance

Solana crypto’s price has not disappointed its investors and holders in the last few days. It has generally bagged more gains as the broader crypto market recovers.

According to market data, the Solana price chart showed it was trading at $151.51 at press time.

This altcoin witnessed a 4.58% increase in the last 24 hours. That’s an appreciable increase from the crypto asset’s previous price from earlier in the month.

At the time, Solana traded as low as $96.58 as bearish conditions engulfed the market. The recent accumulation by Sol Strategies may further impact the price of SOL.

That could help it move toward its last recorded all-time high (ATH) of $294.33 or even higher. Its trading volume was 30.41% higher in the past 24 hours and set at $5.34 billion.

The Solana crypto ranked as the leading blockchain in Q1 based on DEX revenue. Significantly, the network has maintained a strong position in Decentralized Finance (DeFi). That’s despite the challenging market conditions that the crypto landscape experienced in Q1 2025.

In an analysis conducted by Coingecko, Solana secured the lead against rival networks by accounting for 39.6% of all the DEX volume in Q1. Solana’s protocol also accounted for 52% of DEX trading volume in January.

This outlook suggests that the Solana network holds on to DeFi dominance. With these fundamentals and the Sol Strategies trigger, Solana crypto may see a massive boost in the near term.