SOL Strategies, led by former Valkyrie CEO Leah Wald, acquired 24,000 SOL in March
Infrastructure company Solana currently holds more than 267,000 SOL, almost all of which are staked in its growing network of validators.
Author: Francisco Rodriguez , April 8, 2025, 12:57 PM
Basic information:
- In March, SOL Strategies purchased 24,000 SOL.
- The company's shares have fallen 25% since the beginning of March, in line with SOL's market performance.
- SOL Strategies has expanded its validator activities in Solana, Sui, Monad and ARCH.
SOL Strategies (HODL), a Canadian firm working on infrastructure for the Solana network, reported purchasing 24,000 SOL tokens in March at an average price of about C$199 ($139.8) per token. The transaction, worth approximately $3.37 million, brought the company’s total supply of SOL tokens to 267,151.
Almost all of the company’s SOL tokens — about 265,295 — are now staked on four validators it operates, according to its latest live update. The company’s shares are down about 25% since early March, while SOL has fallen 27% over the same period.
Since the start of Trump's presidency, SOL Strategies shares have fallen 67%, while Solana shares have fallen 58%.
Led by Leah Wald, former co-founder of Valkyrie Investments, SOL Strategies is actively developing its validator infrastructure not only on Solana, but also on other Proof-of-Stake chains like Sui (SUI), Monad (MONAD), and ARCH (ARCH). Validators secure these networks by staking their tokens and processing transactions, for which they are rewarded.
In March, the company acquired three validator nodes, including one from Laine and analytics platform Stakewiz, for about $24.5 million. The deal more than doubled the amount of SOL hosted on the company's infrastructure, from 1.66 million to more than 3.35 million tokens.
The company also owns 3,211 bitcoins, although it remains focused on the Solana ecosystem.
