Sol Strategies Inc C.HODL

Alternate Symbol(s): CYFRF

Sol Strategies Inc. is a Canadian company focused on blockchain investments. The Company is engaged in the development of the blockchain and cryptocurrency ecosystem through its activities in the private equity and financial markets and its support for related technology innovation. Through its investments, the Company offers its shareholders exposure to Solana through its direct investing and staking activities. It makes strategic investments in the Solana ecosystem and participates in staking its SOL, thereby supporting the Solana network. It operates a validator node, responsible for verifying transactions and producing new blocks, which requires significant SOL staking. By staking SOL and running the validator, it earns rewards in additional SOL tokens based on its validators performance and the total amount staked. By staking Solana and investing in Solana-based projects and infrastructure, the Company seeks to benefit from the growth of Solana and its other investments.

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Sol Strategies Inc

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Post by forrest6748on Jul 01, 2021 7:37pm

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Post# 33480358

German Law Allowing $415B Investment Into Crypto Takes Effec

German Law Allowing $415B Investment Into Crypto Takes Effect

The law allows "special funds" to invest up to 20% of their assets in crypto.

https://www.coindesk.com/german-law-allowing-415b-investment-into-crypto-takes-effect

A new law in Germany that could theoretically prompt up to $415 billion to flow into crypto takes effect Thursday.

Germany's Fund Location Act, introduced in April and approved by parliament shortly thereafter, permits "Spezialfonds," or special funds, to invest as much as 20% of their portfolios in crypto.
The law came into effect today.
Should every Spezialfond choose to allocate the full 20% in crypto, that would equate to €350 billion ($415 billion), based on the total assets under management of such funds in Germany.
The figure was arrived at by Sven Hildebrandt, CEO of Distributed Ledger Consulting, and was cited in a report by financial newspaper Boersen Zeitung in April.
Spezialfonds are the dominant institutional investment vehicle in Germany. A sizable allocation of this market toward crypto could have profound implications across Europe, because the country has the eurozone's largest economy.