According to Blockworks, Cypherpunk Holdings, a Toronto-based holding company, announced that it would change its name to Sol Strategies and shift to a Solana-focused investment strategy. The company will invest in Solana ecosystem projects and infrastructure and operate Solana verification nodes.
The strategy shift was unanimously approved by the board of directors at a shareholder meeting on July 30. Since former Valkyrie CEO Leah Wald took over in early July, the company has significantly increased its Solana holdings, from zero on March 31 to 63,000 SOL on July 16, and reached 86,300 SOL on August 1, worth approximately $11.6 million.
Wald said the strategy shift was not predetermined but was based on Solanaâs high growth potential. Sol Strategies offers not only passive SOL ETF exposure, but also returns from staking and strategic investments.
