PANews, June 9: Digital asset infrastructure company SOL Strategies Inc. (CSE: HODL, NASDAQ: STKE) recently reduced its debt by approximately CAD 5.75 million through the sale of 65,001 SOL tokens at approximately CAD 87.88 per token, continuing its efforts to optimize its balance sheet. CEO Michael Hubbard stated that, following the completion of its acquisition of the privacy-focused trading platform Houdini Swap one week ago, the company is now focusing on operational activities within the Solana ecosystem.
SOL Strategies sells 65,001 SOL to repay debt, focusing on Houdini Swap operations.
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Summary
SOL Strategies sold 65,001 SOL at CAD 87.88 each to repay CAD 5.75 million in debt, according to on-chain news. The digital asset report highlights the company’s focus on Solana ecosystem operations following its acquisition of Houdini Swap. CEO Michael Hubbard stated that the move aims to optimize the balance sheet and strengthen the company’s position in the space.
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