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FINWIRES

SOL Strategies Reduces Debt Through "Active Treasury Management"

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SOL Strategies (HODL.CN) on Monday said it settled C$5.75 million of debt through the sale of 65,001 SOL at an average price of C$87.88 per SOL, it said on Monday.

"Today's announcement reflects a decision to reduce debt and further clean up our balance sheet to assist us to fully focus on the operating businesses. With an improved balance sheet, a week into owning Houdini Swap and other ongoing product developments, the priority remains the Solana Economy," said chief executive Michael Hubbard. "As a transactional business, we believe Houdini Swap is well positioned to take advantage of any volume increases resulting from the current high volatility."

Shares of the company were last seen down $0.10 at $1.75 on the Canadian Securities Exchange.

Price: $1.75, Change: $-0.10, Percent Change: -5.41%

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