Listed Canadian crypto play Sol Strategies [CSE:HODL], the traded company previously known as Cypherpunk, has rewarded shareholders fantastically over the last few months. A decision by CEO Leah Wald to re-position the company, once ranked as a top 20 holder of Bitcoin, into Solana, seems to be paying off.
Shares in the CSE-traded stock are now up by almost 5000% since October. Back in Q4 Sol Strategies said it would be using USDC it received from the Lucy Labs Offshore Fund, which went down with the FTX collapse, to invest in Solana. The company had already re-branded in September 2024 to reflect a shift towards Solana.
HODL now seeks to offer its shareholders exposure to Solana through its direct investing and staking activities. By staking SOL, Solana’s native token, and potential future investments in Solana-based projects and infrastructure, Sol Strategies is looking to benefit from the potential growth of Solana and its…
