Japanese Gaming Firm WIZE Boosts Solana Investment

A Japanese gaming company, WIZE, has made a significant investment in Solana (SOL), purchasing approximately $3.13 million worth of tokens. This move adds to the growing institutional conviction in SOL and highlights the increasing involvement of corporate buyers in the cryptocurrency market.

WIZE's average purchase price for SOL is around $127 per token, making it a substantial investment for the company. The Japanese gaming firm currently holds over 24,597 SOL tokens, ranking them 15th globally on CoinGecko's Solana Treasury Holdings list.

The acquisition of SOL by WIZE also marks the company's participation in the Solana Foundation's SFDP program, where they have collected delegations from various projects and earned more than 400 SOL in staking rewards over the past six months. This partnership has increased the firm's treasury exposure to approximately 152,000 SOL tokens.