Solana-focused investment firm SOL Strategies Inc. has filed a shelf registration with Canadian securities regulators that would let the company raise up to US $1 billion through future offerings of shares, bonds, warrants, or other securities. A shelf registration gives an issuer the flexibility to tap the market quickly when opportunities arise; it is not an immediate public sale. SOL Strategies said the filing equips it to “seize rapidly emerging opportunities on the Solana blockchain,” adding that any actual issuance will be detailed in subsequent prospectus supplements.
Price Jumps on Filing and MetaMask News
Within hours of the announcement, SOL rose 2.54 %, pushing past US $178. Tailwinds also came from MetaMask’s new Solana network integration, which allows users to manage both Ethereum- and Solana-based assets from a single interface. The update removes the need for a separate Solana wallet, enabling seamless bridging and direct access to Solana dApps through MetaMask.
Earlier in May, SOL Strategies and DeFi Dev Corp disclosed an additional purchase of 200,000 SOL (≈ US $29.4 million), adding to a series of large accumulations that analysts say have helped support the token’s latest uptrend.
Long-Term Outlook: $275 in 2025, $500 by 2029?
Standard Chartered remains bullish on Solana’s roadmap, projecting the token could climb to US $275 by the end of 2025 and potentially US $500 by late 2029. The bank cautions, however, that SOL may underperform Ethereum in the near term; it expects the ETH/SOL price ratio to widen to 17:1 by 2027 before narrowing thereafter.
Market Context
- Flexible Capital: The C$1 billion shelf sets the stage for strategic deployments into Solana-native projects, liquidity‐provision schemes, or validator expansion.
- Ecosystem Boost: MetaMask’s support lowers onboarding friction for retail and institutional players alike, a factor historically linked to network growth.
- Accumulation Trend: Repeated bulk purchases by SOL-centric funds signal conviction and can tighten circulating supply, amplifying price moves in either direction.
With a deep-pocketed investor, a marquee wallet integration, and a bullish institutional forecast all converging, Solana is once again in the spotlight. Whether these catalysts are enough to catapult SOL to US $275 by year-end will hinge on broader market liquidity, continued developer activity, and the token’s ability to capture real-world use cases faster than its Layer-1 rivals.