Crypto investment firm Sol Strategies has acquired 4 staking nodes for nearly $18 million, spanning networks such as Solana, Sui, etc.

BlockBeats News, November 15th, Cryptocurrency investment firm Sol Strategies (HODL), led by former Valkyrie Investment firm CEO and Co-Founder Leah Wald, acquired four validator nodes for nearly $18 million in cash and stock.

This Toronto-based company, formerly known as Cypherpunk Holdings, plans to acquire these validator nodes from Cogent Crypto, a high-performance validator node operator within the Solana ecosystem. According to a statement released on Thursday, the total investment is close to $18 million and will be divided into three stages: $1 million in cash and approximately $1 million in company stock will be paid at the time of the transaction's completion, with the remaining portion 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 the majority of the funds focused on SOL. (CoinDesk)