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LONDON - Vault Ventures PLC (AQSE:VULT) announced Wednesday it has purchased 881.10 Solana (SOL) tokens at an average price of £109.60 ($149.45) per token as part of its digital asset treasury strategy.
The London-based blockchain and fintech company said the Solana purchase complements its existing holdings of Bitcoin and Ethereum, which were announced on June 26. According to the company, Solana was selected for its staking functionality and growing relevance within blockchain infrastructure.
Following the purchase, Vault’s digital asset treasury now consists of 437.843 Ethereum (approximately 75.17% of holdings), 2.076 Bitcoin (15.68%), and 881.10 Solana (9.14%).
The company reported that its treasury holdings total approximately £1,042 million, while its market capitalization stands at approximately £3.28 million, resulting in a market-to-net-asset-value ratio of 3.15.
"Adding Solana to our treasury strategy is a natural progression for Vault," said Brian Stockbridge, Chair of Vault Ventures. "Solana is a high-utility network with strong developer activity, growing institutional recognition, and a staking structure that aligns well with our yield-generating approach."
Vault Ventures described itself as a technology company focused on identifying, developing, and commercializing early-stage technology businesses in the blockchain and fintech sectors.
The company stated in its press release that the primary purpose of its digital asset treasury strategy is to support its operations.
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