Crypto investment company Cypherpunk Holdings has significantly increased its holdings of SOL, with holdings exceeding 63,000

Canadian listed investment company Cypherpunk Holdings has significantly increased its holdings of Solana tokens, according to a statement on Tuesday. The number of SOL tokens in the company's wallet has exceeded 63,000, worth nearly $14 million, which is much higher than the 6,131 SOL last month. In addition to purchasing SOL, Cypherpunk also announced that it will run its own Solana validator and stake 49,917 tokens (worth about $11 million) using its own Solana node. It is also implementing a SOL options trading strategy. Last month, Cypherpunk disclosed that it had begun investing in Solana, purchasing about $1 million worth of SOL at an average price of $163.11. Around the same time, Cypherpunk sold nearly $1 million worth of stock in metaverse company Animoca Brands, its second largest holding. According to the latest financial statements, Cypherpunk's total assets increased by $14.3 million to $31.3 million in the past six months. It uses Coinbase as its custodian for BTC and SOL. (Theblock)