Leah Wald's investment firm, Sol Strategies, has acquired four crypto validators for close to $18 million, focusing predominantly on the Solana (SOL) network. The Toronto-based firm, formerly Cypherpunk Holdings, will purchase these validators from Cogent Crypto, which operates within the Solana ecosystem. The acquisition is structured in three phases: an initial cash payment of $1 million, approximately $1 million in shares upon deal closure, and additional shares structured over three years. This investment is part of Sol Strategies' shift to enhance its staking capabilities and engage in Solana’s ecosystem, where it already holds about 130 million SOL, valued at $22.9 million. Wald emphasizes that this purchase will significantly bolster the firm's positions in staking and institutional applications within Solana's blockchain, as interest among large financial institutions in Solana has been growing.

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