SOL Strategies 已全力支援 Solana。這就是為什麼

SOL Strategies 前身為 Cypherpunk Holdings，是一家在區塊鏈世界掀起巨大波瀾的公開交易的加密貨幣投資公司

SOL Strategies, formerly known as Cypherpunk Holdings, is making big waves in the blockchain world, especially with its recent pivot to Solana. The company has an interesting history, dating back to its founding in 2018 by Antanas Guoga, better known as Tony G. Tony G is quite the character—a Lithuanian-Australian businessman, poker star, and former Member of the European Parliament. His passion for technology, privacy, and cryptography drove him to launch Cypherpunk Holdings with a focus on privacy-centric digital assets.

SOL Strategies（原名 Cypherpunk Holdings）正在區塊鏈世界掀起巨大波瀾，尤其是最近轉向 Solana。該公司有著有趣的歷史，可以追溯到 2018 年由 AntanasGuoga（更廣為人知的名字為 Tony G）創立的公司。他對科技、隱私和密碼學的熱情促使他創立了 Cypherpunk Holdings，專注於以隱私為中心的數位資產。

When it first started, Cypherpunk Holdings was all about protecting privacy in the digital age, a nod to the “cypherpunk” movement that emphasizes cryptography as a tool to enhance individual freedom and privacy online. The company poured its investments into privacy-focused cryptocurrencies like Monero (XMR) and Bitcoin (BTC), and even took stakes in privacy-centric companies like Samurai Wallet and Chia Network. At its core, Cypherpunk Holdings was focused on empowering decentralized technologies that aligned with the cypherpunk ethos.

最初成立時，Cypherpunk Holdings 致力於保護數位時代的隱私，這是對「密碼朋克」運動的認可，該運動強調密碼學是增強個人線上自由和隱私的工具。該公司將投資投入到門羅幣 (XMR) 和比特幣 (BTC) 等注重隱私的加密貨幣中，甚至還入股了 Samurai Wallet 和 Chia Network 等注重隱私的公司。 Cypherpunk Holdings 的核心致力於支持符合密碼龐克精神的去中心化技術。

Things took a big turn in 2024, when Leah Wald, former CEO of Valkyrie, took the reins as the new Chief Executive Officer. With her leadership, the company shifted its focus toward one of the fastest-growing blockchain platforms: Solana. Under Wald’s guidance, the firm began buying and staking Solana’s native token, SOL. This wasn’t just a slight shift—it marked a full-on transformation of the company’s strategy, which eventually led to the rebranding of Cypherpunk Holdings as SOL Strategies.

2024 年，事情發生了重大轉變，Valkyrie 前執行長 Leah Wald 接任新任執行長。在她的領導下，該公司將重點轉向成長最快的區塊鏈平台之一：Solana。在 Wald 的指導下，該公司開始購買並質押 Solana 的原生代幣 SOL。這不僅僅是一個微小的轉變，它標誌著公司策略的全面轉變，最終導致 Cypherpunk Holdings 更名為 SOL Strategies。

This pivot was driven by the incredible potential Wald and the team saw in Solana’s high throughput and low transaction fees. They believed Solana had the infrastructure to support a wide range of decentralized applications (dApps) and financial services, which made it a natural choice for the firm’s new direction. By the second quarter of 2024, SOL Strategies had accumulated over 86,000 SOL tokens, valued at more than $11 million, most of which were being staked to earn rewards.

這一轉變是由 Wald 令人難以置信的潛力推動的，球隊看到了 Solana 的高吞吐量和低交易費用。他們相信 Solana 擁有支援廣泛的去中心化應用程式 (dApp) 和金融服務的基礎設施，這使其成為該公司新方向的自然選擇。截至 2024 年第二季度，SOL Strategies 已累積超過 86,000 個 SOL 代幣，價值超過 1,100 萬美元，其中大部分用於質押以獲得獎勵。

The rebranding to SOL Strategies wasn’t just about buying and holding Solana—it was about diving deeper into the ecosystem. The firm began running a validator on the Solana network, allowing them to participate actively in securing the network while earning staking rewards. As of June, the company’s validator had generated about $57,000 in rewards, solidifying their role in the Solana ecosystem. Wald said

更名為 SOL Strategies 不僅是為了購買並持有 Solana，更是為了更深入地探索生態系統。該公司開始在 Solana 網路上運行驗證器，使他們能夠積極參與保護網路安全，同時獲得質押獎勵。截至 6 月，該公司的驗證者已產生約 57,000 美元的獎勵，鞏固了他們在 Solana 生態系統中的作用。沃德說

“We’ve increased our balance sheet allocation into SOL and are focused on engaging with the Solana ecosystem as much as possible,”

“我們增加了對 SOL 的資產負債表分配，並專注於盡可能多地參與 Solana 生態系統，”

The company’s approach mirrors MicroStrategy’s famous pivot to bitcoin back in 2020, where they started accumulating bitcoin as a treasury asset, allowing investors to gain indirect exposure to the cryptocurrency through the company’s stock.

該公司的做法反映了 MicroStrategy 在 2020 年著名的轉向比特幣的做法，當時他們開始累積比特幣作為庫存資產，允許投資者透過公司股票間接接觸加密貨幣。

For SOL Strategies, the idea is similar: investors can buy into SOL Strategies stock as a way to get exposure to Solana without having to buy the tokens directly. This move positioned SOL Strategies as one of the few publicly traded companies offering such an opportunity, especially since no other companies are running a validator or offering exchange-traded products (ETPs) related to Solana.

對於 SOL Strategies，這個想法是相似的：投資者可以購買 SOL Strategies 股票，作為獲得 Solana 曝險的一種方式，而無需直接購買代幣。這項舉措使 SOL Strategies 成為少數提供此類機會的上市公司之一，特別是因為沒有其他公司運行驗證器或提供與 Solana 相關的交易所交易產品 (ETP)。

Many observers have drawn parallels between SOL Strategies’ focus on Solana and MicroStrategy’s bet on bitcoin. MicroStrategy’s massive bitcoin purchases turned its stock into a proxy for the leading cryptocurrency, giving investors exposure without direct involvement. SOL Strategies is doing the same for Solana, but with a twist—most of its SOL is locked up in staking, which makes the company more like a bitcoin mining stock in some ways. However, unlike MicroStrategy, SOL Strategies hasn’t accumulated debt to fuel its token purchases.

許多觀察家將 SOL Strategies 對 Solana 的關注與 MicroStrategy 對比特幣的押注進行了比較。 MicroStrategy 大量購買比特幣，使其股票成為領先加密貨幣的代表，讓投資者無需直接參與即可獲得風險敞口。 SOL Strategies 也在為 Solana 做同樣的事情，但有一點不同——其大部分 SOL 都被鎖定在質押中，這使得該公司在某些方面更像是比特幣礦業股票。然而，與 MicroStrategy 不同的是，SOL Strategies 並沒有累積債務來推動其代幣購買。

Wald noted that while SOL Strategies draws inspiration from MicroStrategy’s model, there are important differences. For example, SOL Strategies is not leveraging debt to acquire SOL, and much of its tokens are actively earning yield through the firm’s validators. This unique approach differentiates SOL Strategies from other cryptocurrency-focused investment firms.

Wald 指出，雖然 SOL Strategies 從 MicroStrategy 的模型中汲取了靈感，但仍有重要差異。例如，SOL Strategies 並未利用債務來收購 SOL，其大部分代幣都透過公司的驗證者積極賺取收益。這種獨特的方法將 SOL Strategies 與其他專注於加密貨幣的投資公司區分開來。

The timing of this move couldn’t have been better. Solana has seen a significant surge in interest throughout 2024, especially with the launch of the memecoin platform Pump.fun in January, which caused Solana’s user base and transaction volumes to spike. While Wald acknowledged that memecoins may be a passing trend, she emphasized that the long-term growth of the Solana network looks solid.

這項舉措的時機再好不過了。在整個 2024 年，人們對 Solana 的興趣顯著激增，尤其是隨著 1 月份 memecoin 平台 Pump.fun 的推出，導致 Solana 的用戶群和交易量激增。雖然 Wald 承認 memecoin 可能是一種短暫的趨勢，但她強調 Solana 網路的長期成長看起來很穩健。

Solana’s ability to handle large volumes of transactions with minimal fees makes it an attractive option for businesses in the financial sector, particularly those looking for blockchain solutions to support their projects. Wald expressed concern about the scalability of Bitcoin and Ethereum when it comes to affordable transaction management, highlighting why Solana is positioned for continued growth.

Solana 能夠以最低的費用處理大量交易，這使其成為金融領域企業的一個有吸引力的選擇，特別是那些尋求區塊鏈解決方案來支援其專案的企業。 Wald 對比特幣和以太坊在負擔得起的交易管理方面的可擴展性表示擔憂，並強調了 Solana 為何能夠持續成長。

Diversified, but Focused

多元化但專注

Despite the company’s deep dive into Solana, SOL Strategies hasn’t abandoned its diversified investment strategy. The firm continues to hold bitcoin as part of its treasury assets,

儘管該公司深入研究 Solana，但 SOL Strategies 並未放棄多元化投資策略。該公司繼續持有比特幣作為其庫存資產的一部分，