Ex-Valkyrie CEO Leah Wald's Investment Firm Buys Four Validators, Including Solana Network's, for Nearly $18M
Sol Strategies (HODL.TO), led by Leah Wald, acquired four validators for nearly $18 million from Cogent Crypto, focusing primarily on the Solana network. The investment consists of $1 million in cash and $1 million in shares at closing, with the remainder distributed over three years. The validators will support Solana (SOL), Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks. Validators enhance transaction processing and security in proof-of-stake blockchains. Sol Strategies, previously Cypherpunk Holdings, has shifted its focus to Solana to provide investors with staking rewards and exposure to Solana projects. The firm holds approximately 130 million SOL, valued at C$32.2 million ($22.9 million). Institutional interest in Solana has increased, with major financial institutions launching projects on the network. Sol Strategies' shares surged over 900% this year, while Solana's value rose 113%.
