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.

At the end of the first quarter of 2024, the firm held “nil” tokens. In addition to buying SOL, the company announced it will run its own Solana validator and stake 49,917 tokens (worth about $11 million), a majority of its holdings, using its own Solana node. It is also operating a SOL options trading strategy.

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.

“The Solana ecosystem is presenting a lot of …