iSpecimen Advances $200M Crypto Treasury Plan, Plans to Buy SOL

BlockBeats News, September 5th, Biorepository company iSpecimen Inc. (ISPC) stated that it is evaluating investment proposals from multiple cryptocurrency companies to advance its $200 million crypto treasury plan. It is concurrently advancing a SOL-based treasury project and plans to purchase SOL through over-the-counter trades, including acquiring locked SOL with transfer restrictions.

iSpecimen Inc CEO Robert Lim stated that while acquiring locked SOL is attractive, they are still exploring other opportunities. iSpecimen plans to employ a buy-and-hold strategy to periodically raise funds for the crypto treasury and will stake SOL to earn rewards.