Canadian listed investment company Cypherpunk significantly increased its holdings in SOL, with a position exceeding 63,000 coins
ChainCatcher news, according to a statement from The Block on Tuesday, Canadian listed investment company Cypherpunk Holdings has significantly increased its holdings of Solana tokens. The number of SOL tokens in the company's wallet has exceeded 63,000, valued at nearly 14 million dollars, far higher than the 6,131 SOL from last month.In addition to purchasing SOL, Cypherpunk also announced that it will run its own Solana validator and stake 49,917 tokens (worth approximately 11 million dollars) 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 approximately 1 million dollars worth of SOL at an average price of 163.11 dollars.Around the same time, Cypherpunk sold nearly 1 million dollars worth of stock in metaverse company Animoca Brands, which is its second-largest holding. According to the latest financial statements, Cypherpunk's total assets have increased by 14.3 million dollars over the past six months, reaching 31.3 million dollars. It uses Coinbase as its custodian for BTC and SOL.