03:44 PM EST, 11/14/2024 (MT Newswires) -- Sol Strategies ( CYFRF ) , a Canadian holding company that invests in the Solana blockchain and ecosystem, said Thursday it entered into a definitive agreement for the acquisition of four validators and certain assets related to the Validators from Cogent Crypto, a high-performance validator operating within the Solana ecosystem.

The acquisition would increase the amount of SOL delegated to Sol Strategies ( CYFRF )-owned Solana validators to 948,804 SOL ($285.86 million), an increase of 699,012 SOL ($210.57 million), enabling Sol Strategies ( CYFRF ) to earn validation commission on this delegation.

Three other validator assets to be acquired on the SUI, MONAD, and ARCH network have cumulative delegations of $181.44 million.

The acquisition positions Sol Strategies ( CYFRF ) to capitalize on Cogent Crypto's proven success and further the growth of the company's staking operations with the addition of new, high-quality validator infrastructure.

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