Sol Strategies acquires Solana, Sui, Monad, and ARCH validators for nearly $18 million

Sol Strategies (HODL), a crypto investment firm led by former Valkyrie CEO and co-founder Leah Wald, has acquired four validator nodes for nearly $18 million in cash and stock. The firm 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. The transaction is divided into three phases: $1 million in cash and approximately $1 million in company stock will be paid upon closing, with the remainder to be distributed in stock over three years. Cogent Crypto is a high-performance validator node operator operating within the Solana ecosystem. (CoinDesk)