Most of you will know that MicroStrategy (Now just ‘Strategy’) has been scooping up BTC by the bucketload. Some of you may even know that other publicly traded companies have since copied St Michael Saylor and begun adding BTC to their own balance sheets.
But, what you may not know is that some companies have started doing this with other cryptos, with Solana’s SOL being the dominant choice. These companies have been going all in on SOL, with some even going so far as to rebrand their own company to emphasise this new approach.
Needless to say, this could be incredibly bullish for SOL’s price, especially when you combine this with the pending Spot Solana ETFs. The question is, will these companies HODL their SOL for the long run, or will they reveal their paper hands?
Today, we take a closer look at these companies, and tell you what it could all mean for SOL’s price. If you hold SOL in your portfolio (or plan to pick some up), this is a video you’ll want to watch ‘til the end.
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📺 Essential Videos 📺
Companies Buying BTC 👉 https://youtu.be/5CiyvmHdpGg?si=cAHfoq44qk6jA8jq
Top Crypto Catalysts 👉 https://www.youtube.com/watch?v=M_gvu7WGsUE
Institutional Interest In Crypto 👉 https://www.youtube.com/watch?v=M_gvu7WGsUE
PayFi Sector 👉 https://youtu.be/MNLiQK5LgUM?si=Pbx8AewY5VRNNb4y
Latest Solana Update 👉 https://youtu.be/7DYkRFWetCM?si=U4L3kex7WCHeqYA4
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Companies Buying SOL: https://thedefiant.io/news/tradfi-and-fintech/firms-are-adding-solana-to-corporate-treasuries-but-bitcoin-still-leads-the-way
► SOL Global: https://coingape.com/canada-sol-global-raising-millions-to-buy-solana-tokens/
► SOL Strategy: https://cointelegraph.com/news/sol-strategies-500m-convertible-note-sol-buys
► DeFi Development Corp: https://coinstats.app/news/4197c16a580d01546272052fae17b0b87a837ca5c45d0fd4493e963de954e3df_Solana-Buying-for-Balance-Sheet-Gains-Momentum-as-DeFi-Development-Raises-Holdings-to-%2448M-/
► Torrent Capital: https://x.com/TorrentCap/status/1917194718946996364
► Upexi: https://cointelegraph.com/news/upexi-announces-100m-raise-to-buy-sol
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– TIMESTAMPS –
0:00 Intro
0:39 Recap: Companies Buying BTC
5:24 Publicly Traded Companies Buying SOL
11:04 Will These Companies Buy More SOL In The Future?
13:01 Is This Buying Offsetting SOL’s Inflationary Supply?
16:00 What Does This Mean For SOL’s Price?
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#solana #sol #crypto
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