Canada-listed SOL Strategies filed a preliminary base shelf prospectus to raise up to $1 billion to further invest in Solana (SOL).
The prospectus, once approved, will allow SOL Strategies to offer various instruments like common shares, debt securities, warrants, and subscription receipts.
SOL Strategies' CEO mentioned that the filing of the base shelf prospectus supports their growth strategy in the rapidly evolving Solana ecosystem.
Other companies like Upexi and DeFi Development Corporation are also raising funds to invest in Solana, reflecting growing institutional confidence in Solana's network.