2 months ago
SOL Strategies (HODL), a Canadian institution moving infrastructure connected the Solana network, revealed it acquired 24,000 SOL tokens successful March astatine an mean outgo of astir C$199 ($139.8) each. The purchase, worthy astir $3.37 million, brought the firm’s full SOL holdings to 267,151 tokens.
Nearly each of the company’s SOL—roughly 265,295 tokens—are present staked crossed 4 validators that it operates, according to its latest operational update. Since aboriginal March, the company’s stock terms plunged astir 25% portion SOL dropped 27% implicit the aforesaid period.
Since the commencement of the Trump presidency, SOL Strategies’ banal is down 67%, portion Solana has fallen 58%.
Led by Leah Wald, a erstwhile Valkyrie Investments co-founder, SOL Strategies has been aggressively expanding its validator infrastructure, not conscionable connected Solana but besides connected different Proof-of-Stake chains, including Sui (SUI), Monad (MONAD) and ARCH (ARCH). Validators unafraid these networks by staking their respective tokens and processing transactions, earning rewards successful return.
In March, the steadfast acquired 3 validator nodes, including 1 from Laine and the analytics level Stakewiz, for astir $24.5 million. That woody much than doubled the magnitude of SOL staked connected the company's infrastructure—from 1.66 cardinal to implicit 3.35 cardinal tokens.
The institution besides owns 3.211 bitcoin, though it remains focused connected the Solana ecosystem.
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