Cypherpunk Holdings has been renamed Sol Strategies since September 2024, and the company's stock price has risen by more than 1,700% since its debut. It is reported that the holding company has acquired two separate validator businesses, cumulatively holding more than 142,000 SOL worth about $27 million at current prices, after the company hired Kraken's former senior director of engineering as its head of pledge and filed for a Nasdaq listing. This week, the company signed a credit agreement with the chairperson of the board to purchase $17.30 million worth of SOL tokens and announced a private placement agreement with ParaFi Capital worth about $19 million.