Share this article
Ex-Valkyrie CEO Leah Wald’s SOL Strategies Bought 24,000 SOL in March
The Solana infrastructure firm now holds over 267,000 SOL, with nearly all of it staked across its growing validator network
Apr 8, 2025, 12:57 p.m.
What to know:
- SOL Strategies acquired 24,000 SOL in March.
- The company’s shares have fallen 25% since early March, echoing SOL’s market performance.
- SOL Strategies has expanded validator operations across Solana, Sui, Monad, and ARCH.
SOL Strategies (HODL), a Canadian company running infrastructure on the Solana network, revealed it acquired 24,000 SOL tokens in March at an average cost of about C$199 ($139.8) each. The purchase, worth around $3.37 million, brought the firm’s total SOL holdings to 267,151 tokens.
Nearly all of the company’s SOL—roughly 265,295 tokens—are now staked across four validators that it operates, according to its latest operational update. Since early March, the company’s share price plunged roughly 25% while SOL dropped 27% over the same period.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Since the start of the Trump presidency, SOL Strategies’ stock is down 67%, while Solana has fallen 58%.
Led by Leah Wald, a former Valkyrie Investments co-founder, SOL Strategies has been aggressively expanding its validator infrastructure, not just on Solana but also on other Proof-of-Stake chains, including , Monad (MONAD) and ARCH (ARCH). Validators secure these networks by staking their respective tokens and processing transactions, earning rewards in return.
In March, the firm acquired three validator nodes, including one from Laine and the analytics platform Stakewiz, for roughly $24.5 million. That deal more than doubled the amount of SOL staked on the company's infrastructure—from 1.66 million to over 3.35 million tokens.
The company also owns 3.211 bitcoin, though it remains focused on the Solana ecosystem.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin's massive underperformance to stocks in Q4 bodes well for January, says K33's Lunde
After an active morning Tuesday, bitcoin flattened out in afternoon trading around the $87,500 area, up 2% over the past 24 hours.
What to know:
- Bitcoin held in the $87,500 in U.S. afternoon action on Tuesday, up 2% over the past 24 hours.
- K33 analyst Vetle Lunde suggested BTC's relative weakness to stocks this quarter could mean rebalancing-led buying once January rolls around.
Top Stories
