Canadian company Sol Strategies has invested over $5 million in purchasing 23,374 SOL tokens, increasing its total Solana holdings to 214,342 SOL. The company has shifted its investment strategy from Bitcoin to Solana in an effort to expand its portfolio. Additionally, various investment firms, including VanEck and Bitwise, have filed applications with the SEC to launch spot Solana Exchange Traded Funds (ETFs), providing regulated exposure to SOL for retail and institutional investors. Despite uncertainties surrounding ETF approval, Solana's price has been on a recovery trend, with analysts predicting a potential rise to $387 or even $520 by 2025.



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