Sol Strategies sold Bitcoin and acquired Solana to increase its total holdings.
The company’s stock price surged by 420 percent in the last month.
Sol Strategies focuses on staking to generate revenue and support its growth.
Sol Strategies Inc. announced a major investment decision this week. The Canadian Wallet Association sold bitcoins worth about $1.71 million. It used the proceeds to buy 12,389 Solana , raising its total holdings in Solana to around CAD $32.2 million.This decision demonstrates the company's interest in blockchain and its potential.The company sold 24.5026 Bitcoin at an average price of CAD $95,878.28. This transaction generated gross proceeds of CAD$2,267.Following this sale, Sol Strategies now holds 23,168 Bitcoin, at approximately CA$2,250,466. This decision reflects the brand's desire for its position in the growing blockchain market.
Transformation from Cypherpunk Holdings
Previously known as Cypherpunk Holdings, Sol Strategies has changed substantially. This change marks a shift from being a crypto holding company to becoming a essential Solana validator. This pivot has led to a big rise in the organization’s stock price, which surged by 420% in the past month. Such growth shows rising investor interest in Solana and its projects.
CEO Leah Wald leads the push to expand the company’s validation infrastructure. The aim is to gather more SOL and maximize opportunities within the Solana ecosystem. Strengthening validator services will help Sol Strategies meet the increasing demand as the SOL blockchain continues to grow.
Focus on Staking and Revenue Generation
The firm currently stakes 236,270 SOL through its validator node. About half of this total comes from third-party delegators who seek reliable validation services. This focus on staking and validation has produced positive results. Since launching in June, the validator segment has earned 1,430 SOL, translating to about CAD $242,000 in staking revenue.
SOL Cooperation is the only publicly traded business in North America dedicated to Solana. While spot SOL exchange-traded funds await regulatory approval, Sol Strategies offers immediate exposure to Solana’s potential. The institution actively participates in the blockchain ecosystem, setting itself apart from traditional ETFs.