11:45 AM EST, 01/27/2025 (MT Newswires) -- Sol Strategies ( CYFRF ) , involved in investing in and providing infrastructure for the Solana blockchain ecosystem, was at last look down more than 8% on the Canadian Securities Exchange, Monday, after saying that it acquired 19,100 SOL tokens between Jan. 17, and Jan. 24, for C$6.98 million, at an average price of $365.49 per SOL, inclusive of fees and expenses.

This comes as Bitcoin plunged below US$100,000 as the rise of China's DeepSeek AI sent shockwaves through both tech and crypto sectors.

For its part, Sol Strategies ( CYFRF ) and its subsidiaries as at Jan. 24 held 160,710.36 SOL, acquired at $37.6 million, with a value of $58.4 million based on the closing price of SOL on Jan 24.

Sol Strategies ( CYFRF ) will report its fourth-quarter results on Jan. 28, after market close.

The company was last seen down $0.46 or 8.4% to $5.01, on the Canadian Securities Exchange.

Price: 5.09, Change: -0.38, Percent Change: -6.95