Cemtrex (CETX) announced it has acquired approximately $1M worth of Solana (SOL) as part of a new digital asset treasury strategy, with the goal of expanding its crypto reserves to $10M over time. Cemtrex purchased 5,500 SOL at an average cost of approximately $181 per token. The company intends to stake its position for on-chain yield and eventually operate its own validator node to directly participate in network security and infrastructure. Cemtrex’s longer term goal is to build a $10M reserve position across strategic crypto networks, with Solana as the foundation.
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