Following the massive acquisition, the company’s treasury reserve has reached a total of 1.29 million SOL, worth about $209 million. The latest acquisition comes just a week after the firm’s last purchase of $20 million worth of SOL.
In the post, SolanaFloor highlighted that Bartosz Lipiński, a lead investor and former Solana Labs employee, will provide guidance through CUBE, a crypto-based platform, which will manage DeFi execution, staking, and storage. “Artelo joins a growing list of publicly traded companies adopting SOL for treasury management,” the platform added.
