Sol Strategies acquires 4 validation nodes for nearly 18 million dollars, covering networks such as Solana
According to CoinDesk, Sol Strategies (HODL), a crypto investment firm led by former Valkyrie Investment CEO and co-founder Leah Wald, has acquired four validation nodes for nearly $18 million in cash and shares. The company, based in Toronto and formerly known as Cypherpunk Holdings, plans to acquire these validation nodes from Cogent Crypto. Cogent Crypto is a high-performance validation node operator within the Solana ecosystem.
According to a statement released on Thursday, the total value of the investment is close to $18 million, divided into three stages: $1 million in cash and about $1 million in company shares will be paid upon completion of the transaction; the remaining part will be distributed as shares over three years. The company will acquire validation nodes for Solana (SOL), Sui (SUI), Monad (MONAD) and ARCH (ARCH) networks from Cogent Crypto with most funds focused on SOL.
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