Leah Wald’s Sol Strategies Reinvests FTX Funds in Solana Expansion

Key Points:

• The company formerly Cypherpunk Holdings bought more Solana tokens with capital recovered from FTX.
• HODL is up over 13% over the past five days. 

Leah Wald’s Sol Strategies reinvests FTX windfall of $600K USDC into Solana, increasing SOL holdings to $21.6M and continuing support for the Solana ecosystem.

Leah Wald’s Sol Strategies Reinvests FTX Windfall

Sol Strategies was given $600K from recovered FTX funds; it reinvested the windfall into Solana, upping its SOL. That aligns with buying and staking SOL to continue supporting the Solana ecosystem.

The funding round, according to the CEO Leah Wald, “enables Prosper to continue operating the business, advance initiatives, and invest in the financial infrastructure required to serve our customers, while reinforcing its operations in the Solana ecosystem.”.

Read more: gmAI Review: Solution to Increase Efficiency for Solana

Sol Strategies Boosts Solana Holdings With Recovered Funds

Following the refund from FTX, Sol Strategies have more than topped up their SOL possessions to over 86,000 SOL tokens, currently valued at about $21.6M. Moreover, this reinvestment is part of their continued commitment to Solana.

After staking SOL in 2024, the firm has recorded revenues amounting to $282,910, assuring its Chief Executive, Leah Wald, that these funds will further shore up operational stability and support the ecosystem.