ChainCatcher reported that according to a statement on Tuesday, Canadian listed investment company Cypherpunk Holdings has significantly increased its holdings of Solana tokens. The number of SOL tokens in the company's wallet has exceeded 63,000, worth nearly $14 million, far higher than 6,131 SOL last month.
In addition to purchasing SOL, Cypherpunk also announced that it will run its own Solana validator and stake 49,917 tokens (worth about $11 million) using its own Solana node. It is also implementing a SOL options trading strategy. Last month, Cypherpunk disclosed that it had begun investing in Solana, purchasing about $1 million worth of SOL at an average price of $163.11.
Around the same time, Cypherpunk sold nearly $1 million in stock in metaverse company Animoca Brands, its second-largest holding. In the past six months, Cypherpunk’s total assets increased by $14.3 million to $31.3 million, according to its latest financial statements. It uses Coinbase as a custodian for its BTC and SOL.
