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Cypherpunk Holdings Inc ( (TSE:HODL) ) just unveiled an update.
Sol Strategies Inc. has announced a letter of intent to acquire a major validator within the Solana ecosystem for USD $34 million. This acquisition is set to increase the company’s delegated SOL to over 2.9 million, significantly enhancing its revenue potential. The transaction, pending customary conditions, is projected to contribute CAD $8.6 million annually to Sol Strategies’ net income, underscoring the validator’s economic value to the company’s business model.
More about Cypherpunk Holdings Inc
Sol Strategies Inc. is a Canadian investment company that focuses on blockchain innovation, specifically within the Solana ecosystem. The company provides strategic investments and infrastructure solutions to support the development of decentralized applications.
YTD Price Performance: 31.25%
Average Trading Volume: 1,338,749
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$575.9M
Learn more about HODL stock on TipRanks’ Stock Analysis page.
