Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), formerly Cypherpunk Holdings Inc., focused on blockchain investments, announced in a press release today a rebranding to “Sol Strategies” to reflect its new investment strategy centered on Solana.
Among the changes, Sol will begin staking Solana and investing in the protocol’s projects and infrastructure. The legal name change from “Cypherpunk Holdings Inc.” to “Sol Strategies Inc.” took effect on September 12, 2024, and was unanimously approved by the Company’s board of directors and by its shareholders at the Company’s shareholder meeting held on July 30, 2024.
According to Leah Wald, CEO of Sol Strategies, “With the Company rebranding to Sol Strategies, we are positioned to capitalize on the growth potential within the Solana ecosystem. Just as the Company was one of the first publicly traded investment vehicles investing its treasury assets in Bitcoin, the Company’s shareholders can gain similar indirect exposure to the Company’s holdings and staking of Solana and any future investments that it may make in Solana-based projects and infrastructure.”
Canadian shares were trading at $0.25, up almost 40 percent in late morning trade; U.S. shares were also trading higher.
Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
View the original article on AllPennyStocks.com
]]>