Today Unicorn deployed 9 SOL from its treasury into its first capital allocation.
We identified an asymmetric opportunity in HeirloomCash, a project developed by a builder with a strong track record of shipping on-chain products. With the token consolidating around a $45k market cap for several days, we believed the downside was limited relative to the upside.
We have since exited the position, realizing a gain of 55 SOL.
Every increase in Unicorn's treasury expands our ability to execute on our mission: acquiring, building, and supporting businesses across the Solana ecosystem.
While our treasury is still small, we're actively looking for responsible ways to grow it. The more capital Unicorn controls, the more we can deploy toward building products, backing founders, acquiring businesses, and strengthening the Solana ecosystem.
Unicorn isn't a trading fund. Capital allocation is simply one of many tools we'll use to grow our treasury and accelerate our mission when we believe the opportunity is compelling.
Unicorn team is working behind the scenes, mini update while we move forward :
-- new head of growth 📈
-- new dev onboarding this week 👨💻
-- first product will be in-house (wen? soon.)💻
-- more supply locked 🔒
If you are an X taliban who wants to intern full-time on Solana’s next unicorn, dm me or drop an email here: [email protected]
(Compensation in $$ or tokens)
🦄🦄🦄