ChainCatcher reported that according to The Block, since mid-July, Canadian listed investment company Cypherpunk Holdings has purchased 23,000 SOLs, bringing its total holdings to 86,200 SOLs, worth nearly $21.6 million.

Cypherpunk also reduced its holdings of 110 bitcoins, and currently holds about 52 bitcoins (worth $5.2 million). According to its public documents, it used about 45 of these bitcoins to execute buy orders for 20,000 SOL options, while the rest were sold for profit.