On September 13, Cypherpunk Holdings, a Canadian company focusing on blockchain investment, announced that it would change its name to "Sol Strategies" to reflect its new investment strategy centered on Solana. This transformation includes staking Solana and investing in the projects and infrastructure of the protocol. The change in the company's legal name from "Cypherpunk Holdings Inc." to "Sol Strategies Inc." took effect on September 12, 2024, and was unanimously approved by the company's board of directors and shareholders at the company's shareholders' meeting held on July 30, 2024. Sol Strategies will continue to trade on the Canadian Securities Exchange (CSE) under the stock code HODL and on the OTC market as CYFRF. Earlier in August, according to public documents, Cypherpunk Holdings bought another 23,000 SOLs, increasing its total holdings to 86,294 (US$21.6 million).