The firm now holds $14 million worth of SOL — up from “nil” just months ago.
Cypherpunk Holdings has significantly increased its solana holdings, according to a statement on Tuesday. The Toronto, Canada-based publicly-traded investment firm’s SOL bag now stands at over 63,000 tokens valued at nearly $14 million up from 6,131 SOL last month.
Leah Wald, who was founder and former CEO of crypto fund pioneer Valkyrie Investments, joined Cypherpunk as chief executive in early July. She previously sat on the board. Last month, the firm disclosed that it started investing in solana, buying about $1 million worth of the cryptocurrency at an average price of $163.11 per coin. Around the same time, Cypherpunk sold nearly $1 million shares in Hong Kong-based metaverse firm Animoca Brands, its second-largest position.
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