Solana-Focused Investment Firm Cypherpunk Holdings Rebrands to Sol Strategies

ChainCatcher reports that Cypherpunk Holdings, a Canadian company focused on blockchain investments, has announced a rebranding to Sol Strategies, reflecting its new Solana-centric investment strategy.

This shift includes staking Solana and investing in projects and infrastructure built on the protocol. The company's legal name changed from Cypherpunk Holdings Inc. to Sol Strategies Inc., effective September 12, 2024, following unanimous approval by the company's board of directors and shareholders at a shareholders' meeting held 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 under the ticker symbol CYFRF. The company began acquiring SOL in the second quarter of 2024, following the appointment of former Valkyrie CEO Leah Wald 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.