Sol.Strategies, a Toronto-based investment firm, plans to increase its holdings of Solana (SOL) after recouping a portion of its funds from the defunct cryptocurrency exchange FTX. According to The Block, Sol.Strategies had invested in FTX-backed Lucy Labs, and has since recovered approximately $600,000 of USDC in its flagship offshore fund, the SPC. The fund intends to allocate this recovered capital towards purchasing more SOL. Sol.Strategies has been accumulating SOL since its initial investment of 6,131 SOL on July 7. The firm believes in the long-term potential of Solana and views this as an opportune moment to add to its position. Solana has been under pressure in recent months due to the collapse of FTX, which was a major supporter of the project. However, Sol.Strategies remains bullish on SOL and expects its value to recover as the broader cryptocurrency market stabilizes.