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Cypherpunk Holdings' SOL holdings have increased to 630,000 coins

Cypherpunk Holdings' SOL holdings have increased to 630,000 coins

Bitget2024/07/16 23:08
SOL+0.63%

According to a statement on Tuesday, Cypherpunk Holdings has significantly increased its holdings of Solana tokens. The number of SOL tokens in the wallet of this publicly listed investment company based in Toronto, Canada, has exceeded 63,000, worth nearly $14 million USD, higher than last month's 6,131 SOL. In addition to purchasing SOL, the company also announced that it will run its own Solana validator and stake 49,917 tokens (worth about $11 million USD) using its own Solana node - which makes up most of their token holdings. It is also implementing an SOL options trading strategy. Last month, the company disclosed that it had started investing in Solana by buying approximately $1 million USD worth at an average price of $163.11 per token. Around the same time period,Cypherpunk sold nearly one million dollars' worth shares from Animoca Brands,a metaverse company headquartered in Hong Kong; this was their second largest holding.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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