SOL Strategies, a Canada-based company that has invested millions in solana ( SOL) tokens, has announced a new project that will encompass adding solana tokens to its treasury. The initiative called the Strategic Ecosystem Reserve, will invest in key projects to support the tools behind the decentralized finance Solana ecosystem.
In a press release, the company explained that “this reserve, funded through a portion of our validator revenue, allows us to strategically support key infrastructure while preserving our core SOL treasury.”
In addition, it stated that this and the upcoming token purchases, part of this development, will be funded through its validator revenue. This will allow the company to “continue to build these strategic positions while preserving our core SOL treasury and also continuing to accumulate more SOL.”
The first project chosen was Jito, the governance token of the Jito network. Jito is a Solana-based MEV and staking infrastructure provider that has provided value to the Solana ecosystem through its collaboration with Anza, a Solana-based developer collective, to avoid harmful MEV.
The investment includes the purchase of 52,181.564 JTO tokens valued at over $100K at the time of writing.
On this investment and its effect on the wider Solana ecosystem, Leah Wald, CEO of SOL Strategies, stated:
We’re not just investing in tokens — we’re investing in the infrastructure that is driving transaction processing for millions of Solana users while backing a team that is instrumental in driving forward innovation within the ecosystem.
Sol Strategies noted that the Strategic Ecosystem Reserve is a “dynamic initiative,” highlighting that more projects will be supported in the future, prioritizing the ones that “demonstrate significant ecosystem support and advancement.” The firm currently holds over 400,000 SOL.
Read more: SOL Strategies Explores Tokenizing Shares on Solana via Superstate Partnership
Read more: SOL Strategies Deploys $20 Million Funding Round to Buy 122,524 SOL
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