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