SOL Strategies plans to raise US$25 million through a rights offering to boost its SOL reserve fund

Solana treasury company SOL Strategies (NASDAQ: FTEL) announced that it has raised $25 million in a private placement through the sale of the company's common shares and common share warrants pursuant to the listed issuer financing exemption requirements of the Canadian Securities Administrators. Canaccord Genuity Corp. will serve as lead agent and sole bookrunner. The proceeds will be used for general corporate purposes and digital asset investments to drive the growth of SOL's treasury.