- Google purchased SOL worth $28 million at $10 apiece.
- The crypto market could get a huge lift from Google’s acquisition of SOL currencies.
- It is yet unknown how Google intends to put the tokens to use.
According to a recent report, Google, an American multinational technology company, has become the 13th largest wallet after purchasing 2.8 million $SOL at $10.
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The move comes as a surprise to many in the cryptocurrency industry, as Google has previously been wary of cryptocurrencies. The previous year, they announced that their Play Store would no longer accept any apps related to mining, trading, and other cryptocurrency activities.
However, it appears that Google has officially made its first foray into the world of cryptocurrencies with this transaction. The purchase is reportedly part of a larger effort to build out its web services offerings, which now include cloud computing, artificial intelligence, and machine learning.
Moreover, Google’s purchase of $SOL tokens is expected to be a major boost to the cryptocurrency industry as a whole. The move will likely result in an increase in liquidity as well as more investors and buyers entering the market.
As for $SOL token holders, this is great news. If Google’s buy order is fulfilled, it will help drive up the price of the token and could even lead to more demand in the future.
It is not yet known what Google plans to do with the coins, but speculation is that they may use them for payments or other transactions on their platform. Regardless of how they plan to use the tokens, this will undoubtedly increase the visibility of cryptocurrency and could even spark more interest in investing.
Notably, Google’s foray into the cryptocurrency industry is something that should be monitored closely by investors and industry experts as it could have a major impact in the future.
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