Sol Strategies: A New Name Reflecting a Solana-Focused Investment Strategy

Canadian company Cypherpunk Holdings, known for its blockchain investments, has announced a name change to "Sol Strategies" to reflect its new Solana-centric investment strategy. This shift includes staking Solana and investing in projects and infrastructure built on the protocol.

The legal name change from "Cypherpunk Holdings Inc." to "Sol Strategies Inc." became effective on September 12, 2024, and was unanimously approved by the company's board of directors and shareholders at a shareholders meeting on July 30, 2024. Sol Strategies will continue to trade on the Canadian Securities Exchange (CSE) under the ticker symbol HODL and on the OTC market as CYFRF.

The company began acquiring SOL in the second quarter of 2024 (after former Valkyrie CEO Leah Wald took over as CEO) and currently holds over 86,000 Solana (valued at over $11 million at current prices), most of which is staked to earn token rewards.