Canadian Public Company Sells Gold to Buy Solana
- —Digital Commodities bought about C$100,000 of SOL, roughly 5% of estimated NAV
- —The purchase was funded by monetizing part of the company's physical gold
- —Reserve base unchanged: 11 BTC and cash remain the foundation
- —SOL is the first asset in a new growth bucket tied to AI and blockchain infrastructure
Why it matters: A rare case of a public company funding a crypto purchase by selling gold rather than issuing debt or equity.
Source: Bitcoinist