>mfw your funding round doesn't raise a multiple of pi
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WSJ Front Page.
"The transaction was structured as a purchase of Solana’s $SOL digital tokens rather than a traditional purchase of equity shares."
That explains a lot.pic.twitter.com/muA15xdTMT
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Jump's in too. "Other investors in the new round include crypto-focused investment firm Multicoin Capital and Jump Trading"
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Oh so there really was an infinite bid other than Alameda eh. Well I’ll be damned.
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They must have bought from treasury at a discounted price.
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would be interesting to know price and lockup period
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I guess no more bids coming in
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Does it say the price of the raise?
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all fund raising should be done like this
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People in comments thinking they bought SOL on the open market.....
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