Golden Finance reports that Cypherpunk Holdings, which will be renamed Sol Strategies in September 2024, has seen its stock price rise by more than 1,700% since its debut. It is reported that the holding company has acquired two independent validator businesses, holding a total of more than 142,000 SOL, worth approximately $27 million at current prices, after hiring Kraken’s former senior engineering director as its staking director , and applied to be listed on Nasdaq. This week, the company signed a credit agreement with its board chairman to purchase $17.3 million worth of SOL tokens and announced a private placement agreement with ParaFi Capital worth approximately $19 million.