iSpecimen Inc., a biospecimen procurement company, announced plans to create a $200 million digital asset reserve centered on Solana's native token, SOL. The company aims to diversify its assets and support business growth by investing in tokenized real-world assets and highly rated cryptocurrencies. iSpecimen will employ a professional reserve management team to oversee policy development, counterparty screening, and risk management.
The reserve will acquire SOL through over-the-counter transactions, including locked tokens with transfer restrictions. iSpecimen plans to fund the reserve through regular financing and adopt a long-term strategy of buying at a discount. The company will stake a portion of its SOL holdings for interest while retaining some for spot trading.
iSpecimen to Establish $200 Million SOL-Based Digital Asset Reserve
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.