Cypherpunk Holdings Inc.
BTC Holdings
23.17
Total P&L
+308.5%
Total profit/loss on Bitcoin holdings
Average Cost per BTC
$27,987
Average price paid for each Bitcoin
Share Price
$10.35
Current trading price per share
Market Cap
$228M
Total market capitalization
Enterprise Value
$244M
Market cap plus debt minus cash
NAV Multiple
62.801
Net Asset Value multiplier
BTC / Market Cap
1.6%
Bitcoin holdings as % of market cap
About Cypherpunk Holdings Inc.
Sol Strategies Inc., formerly Cypherpunk Holdings Inc. and listed on the Canadian Securities Exchange with the ticker HODL.CN, is a blockchain investment company headquartered in Toronto, Canada. Originally established as a holding firm focused on cryptocurrency and privacy technologies, it rebranded in 2024 to reflect a strategic pivot toward the Solana ecosystem. Its business model centers on providing investors exposure to high-growth blockchain opportunities through staking and infrastructure management. Core operations involve operating Solana validators, such as Cogent Crypto and Laine One, to secure the network and generate yields while supporting decentralized applications.
The company maintains a digital asset treasury strategy, having transitioned from Bitcoin holdings to concentrating on Solana as its primary reserve asset for diversification and yield generation. This shift aligns with its view of Solana's productive capabilities in decentralized finance. Beyond treasury functions, Sol Strategies pursues a broader digital asset approach by investing in Solana infrastructure to enhance network participation and explore synergies with emerging blockchain technologies, fostering long-term ecosystem growth.
Led by CEO Leah Wald, a veteran in digital finance, Sol Strategies holds a notable industry presence as a public validator on Solana, contributing to the network's security and adoption. Its leadership emphasizes strategic asset management in blockchain. By focusing on scalable, yield-generating assets, Sol Strategies positions itself as a key player in bridging traditional finance with decentralized innovation, ensuring sustained relevance in the evolving digital economy.
Recent Developments
- Oct 29, 2024: Bitcoin holdings decreased by 143.03 BTC to 23.17 BTC with cost basis of $648.4K (BTC @ $71.6K), stock price $2.02
- Mar 31, 2024: Bitcoin holdings decreased by 50.60 BTC to 166.2 BTC with cost basis of $4.7M (BTC @ $70.5K), stock price $0.13
- Dec 31, 2023: Bitcoin holdings increased by 216.68 BTC to 216.8 BTC with cost basis of $6.1M (BTC @ $42.5K), stock price $0.12
- Sep 30, 2022: Bitcoin holdings decreased by 401.48 BTC to 0.12 BTC with cost basis of $2.4K (BTC @ $19.6K), stock price $0.07
- Sep 30, 2021: Bitcoin holdings increased by 137.90 BTC to 401.6 BTC with cost basis of $9.9M (BTC @ $41.6K), stock price $0.14
Cypherpunk Holdings Inc. — Bitcoin Holdings Over Time
1y - Present
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Cypherpunk Holdings Inc. — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History