SOL Strategies and Solmate Add $135M in Solana During Market Crash with 15% Discount

Solana SOL $202.1 24h volatility: 0.1% Market cap: $110.58 B Vol. 24h: $14.22 B treasury strategy firms SOL Strategies and Solmate announced fresh purchases on Oct. 14, capitalizing on the recent market crash to expand their holdings at discounted prices.

SOL Strategies Announces Purchase of 88,433 SOL from LIFE Offering Proceeds

SOL Strategies Inc confirmed the purchase of 88,433 SOL tokens from the proceeds of its recently closed C$30 million LIFE offering, at an average price of $193.93 per SOL.

According to the official update on X, the transaction included approximately 79,000 locked SOL tokens acquired from the Solana Foundation at a 15% discount, alongside open-market spot purchases.

The locked tokens will fully unlock after twelve months and are immediately staked to the firm’s validators.

The Toronto-based firm’s total SOL holdings now sit at 435,064 SOL, worth approximately $85.9 million, according to data from The Block.

Cathie Wood Takes Stake in Solana Investor Solmate Amid Fresh $50M SOL Purchase

Abu Dhabi-based Solmate Infrastructure (NASDAQ: SLMT) also confirmed a $50 million SOL purchase from the Solana Foundation, made at a 15% discount to market prices during one of the most volatile weeks in crypto history.

Executed under a strategic agreement between both parties, the discounted SOL purchase significantly reduces Solmate’s entry price as the firm leads Solana corporate adoption in the Middle East.

The deal also sees Solana Foundation retain the right to nominate up to two directors to Solmate’s Board.

Notably, the announcement also confirms that Cathie Wood’s Ark Invest took an 11.5% stake in Solmate Infrastructure, citing a Schedule 13G filing dated September 30, 2025.

Ark first participated in Solmate’s oversubscribed PIPE financing, acquiring 6.5 million shares, marking the first-ever regulated US ETF investment into a crypto infrastructure PIPE. The firm has since increased its position by nearly 780,000 shares.

The dual purchases by SOL Strategies and Solmate signal firm institutional conviction in Solana’s long-term growth potential, amid a major stress-test. If this trend persists, it could anchor retail investor sentiment, encouraging holders to HODL through future volatility events, enhancing Solana’s price stability.

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