- Sol Methods Inc. companions with Tetra Belief to supply safe, regulated Solana staking for institutional shoppers in Canada.
- The partnership goals to reinforce institutional entry to staking whereas aligning with regulatory and safety requirements.
If one factor is thought within the cryptocurrency world, it’s that fast modifications can happen in a matter of days. Sol Methods Inc., an funding firm targeting the Solana ecosystem, simply made one other massive transfer. Not solely did they develop their portfolio, however additionally they solidified their place as a significant participant in Solana staking.
Sol Methods: Main Acquisition and SOL Asset Addition
Between February 7 and 14, 2025, Sol Methods elevated their holdings by buying 12,456 Solana (SOL) tokens value roughly CA$3.6 million. Their holdings proper now are 226,798 SOL at a mean worth of CA$288.48 per SOL. Given the persevering with market volatility, this motion may very well be seen by traders as a robust vote of confidence in Solana’s future.
Nevertheless, the most important shock got here on February 14, 2025. Sol Methods introduced a Letter of Intent (LOI) to amass one of many largest validators on the Solana community for $34 million (roughly CA$48.7 million). If the transaction closes, the entire SOL delegation they handle is anticipated to leap to over 2.9 million SOL—equal to roughly CA$800 million.
Sol Methods isn’t paying for this acquisition suddenly. They’ll put down $10 million in money upfront, then challenge $12 million in shares at closing. A yr later, one other $12 million in shares will comply with. With an anticipated annual revenue of round CA$8.6 million, this may very well be a calculated motion to enhance the corporate’s staking trade standing.
Partnership with Tetra Belief: New Entry for Establishments
Together with the acquisition, Sol Methods can also be strengthening its community by a partnership with Tetra Belief. Centered on providing secure and controlled asset storage options, Tetra Belief itself is the primary licensed digital asset custodian group in Canada.
🚨JUST IN: @SOLSTRATEGIES_ PARTNERS WITH @TETRATRUST, CANADA’S FIRST LICENSED DIGITAL ASSET TRUST COMPANY, TO ENHANCE INSTITUTIONAL ACCESS TO SECURE, REGULATED $SOLANA STAKING
— BSCN Headlines (@BSCNheadlines) February 20, 2025
Via this alliance, Tetra’s institutional shoppers—together with 3iQ’s forthcoming Solana Staking ETF—will have the ability to make the most of staking companies of Sol Methods with additional enhanced safety and regulatory compliance ensures.
Leah Wald, CEO of Sol Methods, underlined that this cooperation is just not solely a pleasant one but in addition a way of hastening the acceptance of Solana staking amongst institutional traders.
The Lengthy Highway to Solana
For many who have been following the actions of Sol Methods, their change of emphasis was not abrupt. The agency despatched its fourth quarter of 2024 letter to shareholders on January 29, 2025.
Within the letter, they described their change from a enterprise largely involved with Bitcoin holdings to at least one extra so within the Solana ecosystem. This important change began with the rebranding executed in September 2024.
Solana Market Dynamics and Challenges Forward
Though Sol Methods retains rising in significance, the Solana market itself is going through difficulties. Reflecting a drop from mid-December, CNF beforehand reported commerce exercise on Solana DEXs hit $2.517 billion. Whereas Meteora has had an 18.65% development final week, sure websites akin to Raydium and Orca have seen volumes dip.
Nevertheless, regardless of these fluctuations, SOL’s worth is exhibiting indicators of strengthening. On the time of writing, SOL is buying and selling at about $176.10, up 2.64% over the past 24 hours. This enhance has additionally pushed Solana’s market cap above the $85 billion mark.
