- Sol Methods Inc. companions with Tetra Belief to offer safe, regulated Solana staking for institutional shoppers in Canada.
- The partnership goals to boost institutional entry to staking whereas aligning with regulatory and safety requirements.
If one factor is thought within the cryptocurrency world, it’s that fast adjustments can happen in a matter of days. Sol Methods Inc., an funding firm targeting the Solana ecosystem, simply made one other large transfer. Not solely did they develop their portfolio, however in addition they solidified their place as a serious 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 price roughly CA$3.6 million. Their holdings proper now are 226,798 SOL at a median value of CA$288.48 per SOL. Given the persevering with market volatility, this motion may very well be seen by buyers as a robust vote of confidence in Solana’s future.
Nevertheless, the largest shock got here on February 14, 2025. Sol Methods introduced a Letter of Intent (LOI) to accumulate 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 predicted to leap to over 2.9 million SOL—equal to roughly CA$800 million.
Sol Methods isn’t paying for this acquisition unexpectedly. They’ll put down $10 million in money upfront, then situation $12 million in shares at closing. A yr later, one other $12 million in shares will comply with. With an anticipated annual earnings of round CA$8.6 million, this may very well be a calculated motion to enhance the corporate’s staking business standing.
Partnership with Tetra Belief: New Entry for Establishments
Together with the acquisition, Sol Methods can be strengthening its community by way of a partnership with Tetra Belief. Centered on providing protected 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
By way of this alliance, Tetra’s institutional shoppers—together with 3iQ’s forthcoming Solana Staking ETF—will be capable of 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 shouldn’t be solely a pleasant one but additionally a way of hastening the acceptance of Solana staking amongst institutional buyers.
The Lengthy Street 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 vital 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 dealing with 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% progress final week, sure websites resembling Raydium and Orca have seen volumes dip.
Nevertheless, regardless of these fluctuations, SOL’s value is exhibiting indicators of strengthening. On the time of writing, SOL is buying and selling at about $176.10, up 2.64% during the last 24 hours. This improve has additionally pushed Solana’s market cap above the $85 billion mark.
