Toronto-based company Cypherpunk Holdings, now rebranded as Sol Strategies, has been busy accumulating Solana (SOL) since its rebranding three months ago. The company has acquired two validator operations, accumulated over 142,000 SOL, hired a former senior director of engineering from Kraken, and applied for listing on the Nasdaq. It has also signed a credit facility to buy $17.3 million worth of SOL tokens and announced a private placement deal worth roughly $19 million. Sol Strategies focuses on acquiring crypto as a treasury asset and also runs a validator business and invests in Solana ecosystem projects. Since its rebranding, the company's stock price has increased over 1,700%. However, the approval of Solana ETFs could pose a challenge to the company's success.



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