SOL Strategies 已全力支持 Solana。这就是为什么

SOL Strategies 前身为 Cypherpunk Holdings，是一家在区块链世界掀起巨大波澜的公开交易的加密货币投资公司

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）正在区块链世界掀起巨大波澜，尤其是最近转向 Solana。该公司有着一段有趣的历史，可以追溯到 2018 年由 AntanasGuoga（更广为人知的名字为 Tony G）创立的公司。Tony G 非常有个性——立陶宛裔澳大利亚商人、扑克明星和前欧洲议会议员。他对技术、隐私和密码学的热情促使他创立了 Cypherpunk Holdings，专注于以隐私为中心的数字资产。

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.

最初成立时，Cypherpunk Holdings 致力于保护数字时代的隐私，这是对“密码朋克”运动的认可，该运动强调密码学是增强个人在线自由和隐私的工具。该公司将投资投入到门罗币 (XMR) 和比特币 (BTC) 等注重隐私的加密货币中，甚至还入股了 Samurai Wallet 和 Chia Network 等注重隐私的公司。 Cypherpunk Holdings 的核心致力于支持符合密码朋克精神的去中心化技术。

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，事情发生了重大转变，Valkyrie 前首席执行官 Leah Wald 接任新任首席执行官。在她的领导下，该公司将重点转向增长最快的区块链平台之一：Solana。在 Wald 的指导下，该公司开始购买并质押 Solana 的原生代币 SOL。这不仅仅是一个微小的转变，它标志着公司战略的全面转变，最终导致 Cypherpunk Holdings 更名为 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.

这一转变是由 Wald 令人难以置信的潜力推动的，团队看到了 Solana 的高吞吐量和低交易费用。他们相信 Solana 拥有支持广泛的去中心化应用程序 (dApp) 和金融服务的基础设施，这使其成为该公司新方向的自然选择。截至 2024 年第二季度，SOL Strategies 已累积超过 86,000 个 SOL 代币，价值超过 1100 万美元，其中大部分用于质押以获得奖励。

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

更名为 SOL Strategies 不仅仅是为了购买并持有 Solana，更是为了更深入地探索生态系统。该公司开始在 Solana 网络上运行验证器，使他们能够积极参与保护网络安全，同时获得质押奖励。截至 6 月，该公司的验证者已产生约 57,000 美元的奖励，巩固了他们在 Solana 生态系统中的作用。沃尔德说

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

“我们增加了对 SOL 的资产负债表分配，并专注于尽可能多地参与 Solana 生态系统，”

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.

该公司的做法反映了 MicroStrategy 在 2020 年著名的转向比特币的做法，当时他们开始积累比特币作为库存资产，允许投资者通过公司股票间接接触加密货币。

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.

对于 SOL Strategies，这个想法是相似的：投资者可以购买 SOL Strategies 股票，作为获得 Solana 敞口的一种方式，而无需直接购买代币。这一举措使 SOL Strategies 成为少数提供此类机会的上市公司之一，特别是因为没有其他公司运行验证器或提供与 Solana 相关的交易所交易产品 (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.

许多观察家将 SOL Strategies 对 Solana 的关注与 MicroStrategy 对比特币的押注进行了比较。 MicroStrategy 大量购买比特币，使其股票成为领先加密货币的代表，让投资者无需直接参与即可获得风险敞口。 SOL Strategies 也在为 Solana 做同样的事情，但有一点不同——其大部分 SOL 都被锁定在质押中，这使得该公司在某些方面更像是比特币矿业股票。然而，与 MicroStrategy 不同的是，SOL Strategies 并没有积累债务来推动其代币购买。

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，虽然 SOL Strategies 从 MicroStrategy 的模型中汲取了灵感，但仍存在重要差异。例如，SOL Strategies 并未利用债务来收购 SOL，其大部分代币都通过公司的验证者积极赚取收益。这种独特的方法将 SOL Strategies 与其他专注于加密货币的投资公司区分开来。

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.

这一举措的时机再好不过了。整个 2024 年，人们对 Solana 的兴趣显着激增，尤其是随着 1 月份 memecoin 平台 Pump.fun 的推出，导致 Solana 的用户群和交易量激增。虽然 Wald 承认 memecoin 可能是一种短暂的趋势，但她强调 Solana 网络的长期增长看起来很稳健。

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 能够以最低的费用处理大量交易，这使其成为金融领域企业的一个有吸引力的选择，特别是那些寻求区块链解决方案来支持其项目的企业。 Wald 对比特币和以太坊在负担得起的交易管理方面的可扩展性表示担忧，并强调了 Solana 为何能够持续增长。

Diversified, but Focused

多元化但专注

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,

尽管该公司深入研究 Solana，但 SOL Strategies 并未放弃多元化投资策略。该公司继续持有比特币作为其库存资产的一部分，