SOL Strategies, a Canadian investment firm, has filed a preliminary prospectus to raise up to $1 billion to enhance its investments in the Solana ecosystem. The company, previously known as Cypherpunk Holdings, aims to issue various securities, including common shares and debt securities, at a future date. This strategic move follows a $500 million convertible bond agreement with ATW Partners, from which $20 million has already been used to acquire 122,524 SOL tokens. Since shifting its focus to Solana, SOL Strategies' stock has surged over 2,000%, currently trading at 2.27 Canadian dollars.