Solana firms make moves on staking, treasury and compliance
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Sol Strategies filed a $1 billion shelf prospectus while DeFi Dev added liquid-staked SOL to its treasury, signaling deeper institutional moves in the Solana ecosystem.
Solana-focused investment firm Sol Strategies has filed a preliminary base shelf prospectus for up to $1 billion, as DeFi Development Corp. revealed it will adopt liquid-staked SOL for its treasury operations.
According to a May 27 Sol Strategies announcement, the publicly-traded Canadian Solana investment and infrastructure firm “will be permitted to make offerings of common shares” of up to $1 billion, but does not indicate an immediate offering. CEO Leah Wald said the move supports the company's long-term growth plans.
“The filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem,” she said.
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