Cypherpunk Holdings has renamed itself Sol Strategies as of September 2024, and since its initial appearance, the company's stock price has risen by over 1700%. It is reported that the holding company has acquired two independent validator businesses, holding over 142,000 SOL, valued at approximately $27 million at current prices. Previously, the company hired Kraken's former Senior Director of Engineering as its Staking Director and applied to list on NASDAQ. This week, the company signed a credit agreement with the Chairman of the Board to purchase $17.3 million worth of SOL tokens and announced a private placement agreement with ParaFi Capital worth approximately $19 million.