Cryptocurrency investment firm Sol Strategies acquired 4 validation nodes for nearly $18 million, covering networks such as Solana and Sui

ChainCatcher news, according to Coindesk, the crypto investment firm Sol Strategies (HODL), led by former Valkyrie Investment Company CEO and co-founder Leah Wald, has acquired four validator nodes for nearly $18 million in cash and stock.

The Toronto-based company, formerly known as Cypherpunk Holdings, plans to acquire these validator nodes from Cogent Crypto. Cogent Crypto is a high-performance validator node operator operating within the Solana ecosystem. According to a statement released on Thursday, the total value of the investment is close to $18 million, divided into three phases: $1 million in cash and approximately $1 million in company stock will be paid upon completion of the transaction, with the remainder to be distributed in stock over three years, Sol Strategies stated.

The company will acquire validator nodes for Solana (SOL), Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks from Cogent Crypto, with most of the funds focused on SOL.