
qinbafrank|Aug 25, 2025 13:57
Why does it feel like Sol's micro-strategy is starting to gain momentum? Today, another U.S.-listed company, STSS, announced a $400 million PIPE financing deal set to close this Thursday, with the funds being used to accumulate Sol. Then, DFDV also announced a $125 million financing deal, also closing this Thursday, to continue increasing their Sol holdings. They've already raised a total of $370 million. Bloomberg reported that Galaxy, Jump, and Multicoin are planning to raise $1 billion to acquire Sol.
Including today's announcement from STSS, there are now six micro-strategy companies for SOL (UPXI, DFDV, MFH, SSTS, ISPC, HODL). Together, they currently hold 6 million SOL. If all disclosed financing is fully utilized, they could add another 5 million SOL—not even counting the $1 billion Galaxy and Jump are planning to raise. Although the price spiked and then pulled back a bit today, external buying pressure is still pretty solid.
Previously, I talked about this here: https://(x.com)/qinbafrank/status/1955423788977521068?s=46&t=k6rimWsEbo2D2tXolYcM-A. The biggest issue with Sol's micro-strategies is that they lack a super influential spokesperson like Tom Lee. Overall, their momentum is still far behind ETH.
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