SOL Strategies Inc., formerly, Cypherpunk Holdings Inc, announced that it has entered into an arm's length agreement for the issuance of a convertible note facility of up to US$500 million with ATW Partners, signed on April 23, 2025. This facility marks a first-of-its-kind in digital asset financing: capital is exclusively earmarked for purchasing SOL tokens, to be staked on validators operated directly by SOL Strategies, with yield shared between the parties.

SOL Strategies is a publicly traded Canadian investment company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem.

ATW Partners is a New York-based investment manager of a family of private equity funds that invests in innovative companies across both public and private markets.