PANews reported on November 15 that Sol Strategies (HODL), a crypto investment company led by former Valkyrie Investments CEO and co-founder Leah Wald, acquired four verification nodes for nearly $18 million in cash and shares. The Toronto-based company, formerly known as Cypherpunk Holdings, plans to acquire these verification nodes from Cogent Crypto, a high-performance verification node operator operating within the Solana ecosystem.
According to a statement released on Thursday, the total value of the investment is close to $18 million, divided into three stages: $1 million in cash and approximately $1 million in company shares will be paid upon completion of the transaction, and the remainder will be distributed in the form of shares over three years. The company will acquire validator nodes for the Solana (SOL), Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks from Cogent Crypto, with the majority of the funds focused on SOL.
