SOL Strategies Deepens Solana Commitment With March Token Purchase and Validator Expansion
SOL Strategies (HODL), a Canadian blockchain infrastructure firm, disclosed the acquisition of 24,000 Solana (SOL) tokens in March, purchased at an average price of C$199 (approximately $139.80 USD), bringing its total holdings to 267,151 SOL. The acquisition, valued at around $3.37 million, further cements the firm’s position within the Solana ecosystem.
According to its latest operational update, nearly the entire SOL reserve—approximately 265,295 tokens—is currently staked across four validators operated by the company. The move comes despite continued price pressure on both Solana and the broader crypto market, with SOL declining 27% and SOL Strategies’ stock down 25% over the past month.
Since the start of President Donald Trump’s current term, the company’s shares have fallen by 67%, while SOL has dropped 58%, underscoring broader market volatility.
Led by Leah Wald, co-founder and former CEO of Valkyrie Investments, SOL Strategies has been aggressively scaling its validator infrastructure not only on Solana but also across other Proof-of-Stake blockchains such as Sui (SUI), Monad (MONAD), and ARCH (ARCH).
In a major March deal, the firm acquired three validator nodes—including one from validator Laine and another from analytics firm Stakewiz—for roughly $24.5 million. This transaction more than doubled the amount of SOL staked on SOL Strategies’ infrastructure, taking it from 1.66 million to over 3.35 million tokens.
Although the firm also holds a small position in bitcoin (3.211 BTC), its primary strategic focus remains on Solana and supporting the blockchain’s validator ecosystem.
