Spetz Inc., parent company of SonicStrategy Inc., completed the first week of its strategic digital asset accumulation program.
The company purchased 3.35 million S altcoins, the native token of the Sonic blockchain, at an average unit price of $0.41. These transactions cost a total of $1.37 million. The company's total Sonic token holdings thus reached 3.9 million.
The press release issued by Spetz included the following statements:
“Spetz is pleased to announce that we have successfully completed our first weekly open market purchases as part of our strategic digital asset accumulation program. In the process, we purchased approximately 3.35 million S tokens. These purchases reflect our belief in Sonic’s potential as an emerging Layer 1 blockchain.”
Spetz CEO and Director Mitchell Demeter commented on the development with the following words:
“These initial acquisitions are an exciting shift in our operational focus. Following the successful divestment of our legacy business, we are now fully focused on SonicStrategy. We are committed to supporting the growth of the Sonic ecosystem through both capital allocation and infrastructure engagement. The timing and entry price of these initial acquisitions present a strong opportunity to create long-term value for our shareholders.”
*This is not investment advice.
