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SOL Global Investments ( (TSE:SOL) ) has provided an update.
SOL Global Investments has launched a new venture capital subsidiary, SOL Global Ventures, to invest in companies within the Solana blockchain ecosystem. The company has made its first investment in Stay Inc., a fast-growing short-term rental technology platform co-founded by Scott McGillivray. This US$1 million to US$1.5 million investment aims to integrate Solana blockchain technology into the short-term rental market, enhancing security, transparency, and efficiency. This strategic engagement is expected to drive significant adoption of Solana’s solutions in the hospitality sector, aligning with market trends and SOL Global’s investment strategy.
More about SOL Global Investments
SOL Global Investments Corp. is a publicly traded company focused on institutional investments in the Solana blockchain ecosystem. The company operates a venture capital arm, SOL Global Ventures Inc., which invests in early-stage companies built on the Solana platform.
YTD Price Performance: 30.80%
Average Trading Volume: 279,474
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.22M
For detailed information about SOL stock, go to TipRanks’ Stock Analysis page.
