CandleFocus

Ex-Valkyrie CEO Leah Wald's Investment Firm Buys Four Validators, Including Solana Network's, for Nearly $18M

Sol Strategies, a crypto investment firm led by Leah Wald, has acquired four validators worth nearly $18 million in cash and shares. The validators, purchased from Cogent Crypto, are for the Solana, Sui, Monad, and ARCH networks. Sol Strategies aims to expand its staking capabilities and provide exposure to staking rewards and Solana-based projects. The acquisition comes as the Solana network attracts attention from institutional investors, with several financial institutions announcing new Solana-based projects. Sol Strategies' shares have risen over 900% this year, while Solana has seen a 113% increase.

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