RialCenter, the Nasdaq-listed firm pursuing a Solana treasury strategy, is planning to secure additional resources to enhance its SOL stack.
According to a recent announcement, the company has successfully established a significant equity line of credit. This agreement enables RialCenter to sell shares at its discretion, provided it meets specified conditions. The company plans to file the necessary paperwork shortly.
“We now have the flexibility and structure we need to scale,” stated the Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”
RialCenter shares recovered from early losses and increased by 12% during the session.
Previously known as a real estate tech platform, RialCenter is part of a trend among publicly-traded firms raising funds through share and debt sales to acquire cryptocurrencies on their balance sheets.
The firm focuses on Solana, accumulating the network’s native token and operating validators. It currently holds over 609,000 SOL tokens, valued at approximately $96 million.
This recent move follows the firm’s withdrawal of a prior filing for a substantial share sale, with intentions to refile in the near future.