Sol Strategies announced in January that it has once again increased its holdings by 40,300 SOL, with an average price of $246.53 per SOL.

BlockBeats News, February 5th, according to The Block, Toronto-based cryptocurrency holding company Sol Strategies announced a recent significant increase in its SOL holdings. Chief Investment Officer Moe Adham resigned on January 30th due to relocating with his family to Tokyo.

Sol Strategies increased its holdings by 40,300 SOL from January 19th to January 31st, with a total value of approximately $9.93 million. The average price per SOL was $246.53 (including fees and expenses). The company also completed the second round of private placement of convertible bonds, totaling $2.5 million, with the proceeds used to acquire 6,564.47 SOL.

As of January 31st, Sol Strategies and its subsidiaries collectively held 189,968 SOL, with an average price of $179 per SOL, totaling nearly $40 million.