Overview

• The company bought 407,247 SOL at an average price of $188.98, taking its holdings to 1,831,011 tokens.
• The acquisition was funded from a recent equity raise, and more than $40 million remains earmarked for additional SOL purchases and treasury operations.
• Newly acquired tokens will be staked across multiple validators, including the company’s own infrastructure, to earn native rewards.
• Management reported a Solana-per-share metric of 0.0864 (about $17.52) and projected a fully diluted SPS floor of 0.0675 accounting for warrants.
• Market watchers say the high-visibility, equity-backed accumulation is supporting SOL sentiment while concentrating exposure and related risks.