SOL Global has purchased its initial $2.0 USD million investment in Solana

Toronto, Ontario November 18, 2024 - SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) ("SOL Global" or "the Company") is pleased to announce that it has purchased its initial $2.0 million USD investment in Solana at a price of US$245, which gives it access to 8,123 Solana tokens.

SOL Global intends to hold the tokens and benefit from price appreciation as well as a yield through a process called staking. Staking is a mechanism that supports the Solana blockchain network's operations by delegating Solana tokens to validators on the network that use stake-weighted consensus votes to validate transactions on the blockchain and thereby maintain network integrity. By staking its Solana tokens, SOL Global will participate in the Solana network's Proof-of-Stake consensus mechanism, helping to secure and decentralize the blockchain, while earning rewards for its contribution. This investment strategy not only offers potential for asset appreciation but also enables SOL Global to generate a steady yield, enhancing the long-term value of its holdings.