Leah Wald’s SOL Strategies, Formerly of Valkyrie, Purchases 24,000 SOL Tokens in March

Key points:

• SOL Strategies bought 24,000 SOL tokens in March.

• The company’s shares have decreased by 25% since early March, mirroring SOL’s market trend.

• SOL Strategies has expanded its validator operations across Solana, Sui, Monad, and ARCH.

SOL Strategies (HODL), a Canadian firm specializing in Solana network infrastructure, announced it purchased 24,000 SOL tokens in March, paying an average of C$199 ($139.8) each. This acquisition, valued at approximately $3.37 million, brought the company's total SOL holdings to 267,151 tokens.

The majority of these tokens, around 265,295, are staked across the four validators the company operates, according to its latest update. Over the same period, the company's share price has dropped by roughly 25%, while SOL’s value has fallen by 27%.

Since the beginning of the Trump presidency, SOL Strategies’ stock has dropped by 67%, while Solana has decreased by 58%.

Under the leadership of Leah Wald, a former co-founder of Valkyrie Investments, SOL Strategies has been rapidly expanding its validator infrastructure across various Proof-of-Stake blockchains, including Solana, Sui (SUI), Monad (MONAD), and ARCH (ARCH). These validators help secure the networks by staking tokens and processing transactions, earning rewards in the process.

In March, the firm purchased three validator nodes, including one from Laine and the analytics platform Stakewiz, for about $24.5 million. This acquisition more than doubled the amount of SOL staked on the company's infrastructure, increasing it from 1.66 million to over 3.35 million tokens.

While the company also holds 3.211 bitcoin, its primary focus remains on the Solana ecosystem.