CandleFocus Giant Company Sold Bitcoin (BTC) and Bought This Altcoin Instead!
2024-10-30
Author: Content Editor
The Canada-based cryptocurrency investment firm, Sol Strategies, has sold Bitcoin and purchased Solana instead. The company announced that it bought 12,389 SOL with the proceeds from the Bitcoin sale, bringing its total holdings of SOL to 130,125.2186 SOL, worth $32,202,081 CAD. Additionally, Sol Strategies sold 24.5026 Bitcoins, generating $2,349,267 CAD. The company still holds 23,168 Bitcoins worth approximately $2,250,466 CAD. The CEO of Sol Strategies, Leah Wald, stated that the decision to reallocate Bitcoin assets to Solana reflects their belief in Solana's value proposition in the decentralized finance space.
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