SOL Strategies (HODL), a Canadian infrastructure firm specializing in Solana-based staking services, has bolstered its SOL holdings with a 24,000-token acquisition in March, according to its latest operational update.
The purchase, made at an average price of C$199 (approximately $139.80 USD) per token, totaled around $3.37 million. With this move, the company now holds 267,151 SOL, the majority of which—about 265,295 tokens—are currently staked across four validators operated by the firm.
Despite the accumulation, SOL Strategies’ stock has dropped by 25% since early March, mirroring a 27% decline in the price of Solana over the same period. Since the beginning of President Trump’s current term, the company’s shares have fallen 67%, while Solana itself has lost 58% of its value.
Under the leadership of Leah Wald, former co-founder of Valkyrie Investments, SOL Strategies has aggressively expanded its footprint in validator infrastructure. Beyond Solana, the firm is now active on multiple Proof-of-Stake blockchains, including Sui (SUI), Monad (MONAD), and ARCH (ARCH).
In a major March transaction, the company acquired three validator nodes—one from validator operator Laine and another from analytics platform Stakewiz—for roughly $24.5 million. The deal significantly increased the volume of SOL staked via the firm’s infrastructure, from 1.66 million tokens to over 3.35 million.
Although SOL remains its primary focus, SOL Strategies also holds 3.211 BTC as part of its broader digital asset treasury strategy.
