SOL Strategies Inc.
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SOL Strategies Announces Proposed Board Transition
TMX Newsfile· 2026-02-27 21:46
Toronto, Ontario--(Newsfile Corp. - February 27, 2026) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), one of the first publicly traded companies dedicated to growing and building the Solana economy, today announced a refreshed board slate to be presented to shareholders at its Annual General Meeting of Shareholders (AGM) on March 31, 2026, as well as the resolution of recently raised shareholder concerns.The Company's proposed board slate for the upcoming AGM includes ...
CORRECTION FROM SOURCE: SOL Strategies Announces First Quarter 2026 Earnings Conference Call
TMX Newsfile· 2026-02-12 22:53
Core Viewpoint - SOL Strategies Inc. is set to release its financial results for the quarter ended December 31, 2025, on February 17, 2026, and will host a webcast and conference call on February 18, 2026, to discuss these results and the company's growth outlook [1][2]. Company Overview - SOL Strategies Inc. is a Canadian investment company focused on blockchain innovation, particularly within the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [4]. Upcoming Events - The financial results webcast and conference call will take place on February 18, 2026, at 4:30 PM EST, featuring Interim CEO Michael Hubbard, CFO Doug Harris, and CTO Max Kaplan [2]. - A replay of the event will be available shortly after it concludes, and interested parties are encouraged to sign up for the investor distribution list for future updates [3].
SOL Strategies January 2026 Monthly Business Update
TMX Newsfile· 2026-02-05 13:30
Core Insights - SOL Strategies Inc. has provided a comprehensive corporate update for January 2026, highlighting significant growth in its validator network and the launch of its liquid staking platform, STKESOL [1][5]. Validator Network Milestones - The company surpassed 31,000 unique wallet addresses delegating to its validator network, representing a 105% growth in unique wallet adoption since September 2025 [2]. - The assets under delegation (AuD) reached 4 million SOL, indicating continued expansion of both institutional and retail delegator bases [2]. STKESOL Liquid Staking Platform Launch - STKESOL was launched on January 20, 2026, allowing SOL holders to earn staking rewards while maintaining liquidity for use across Solana decentralized finance applications [3]. - In the first two weeks post-launch, the platform attracted over 680,000 SOL in inflows, delegated to over 50 validators, and secured integrations with prominent DeFi platforms such as Kamino, Squads, Jupiter, and Orca [4]. Strategic Positioning - The launch of STKESOL is viewed as a strategic move to capture the growing demand for institutional-grade liquid staking solutions, reinforcing SOL Strategies' role as a core infrastructure provider within the Solana ecosystem [5]. - The company aims to build technology that generates multiple revenue streams while contributing to the decentralization of the Solana network [6]. Treasury and Validator Operations Update - As of February 3, 2026, the total treasury holdings included 530,251 SOL, valued at approximately CAD $71.72 million [11]. - The company reported a validator uptime of 99.99% across all proprietary validators and a peak annual percentage yield (APY) delivered of 6.47% [11]. Upcoming Events - SOL Strategies will hold its annual general and special meeting of shareholders on March 31, 2026, to address ordinary business matters and items raised in a shareholder requisition [7].
SOL Strategies Launches STKESOL: Liquid Staking Platform
TMX Newsfile· 2026-01-20 14:00
Core Viewpoint - SOL Strategies Inc. has launched STKESOL, a liquid staking token that allows holders of Solana tokens to stake their holdings for rewards while maintaining liquidity for use in decentralized finance applications [1][2]. Group 1: Product Launch and Features - STKESOL enables users to stake their SOL tokens and receive a liquid token in return, which can be utilized across various DeFi platforms [1][2]. - The token is issued through the SPL Stake Pool Program, which automatically stakes deposited SOL to multiple validators based on an automated delegation strategy [3]. - STKESOL's value is expected to grow as the staked SOL accrues rewards, and it can be freely traded or transferred [3]. Group 2: Business Strategy and Revenue Generation - The launch of STKESOL is part of SOL Strategies' strategy to create new revenue streams that complement its existing validator operations and SOL holdings [2][5]. - The platform generates income through a transparent fee structure, including deposit fees and a percentage of staking rewards, providing diversified revenue sources [5]. - The company anticipates that the liquid staking market will continue to expand, driven by institutional adoption of Solana [6]. Group 3: Market Positioning and Infrastructure - STKESOL's multi-validator approach reduces concentration risk and supports network decentralization, enhancing the sustainability of validators within the Solana ecosystem [5][7]. - The platform is designed to capture market share in the growing liquid staking segment while contributing to the overall growth and decentralization of the Solana network [6][7]. - SOL Strategies positions itself as a key infrastructure provider, supporting smaller validators and enhancing network security [7].
SOL Strategies Inc.’s DAT++ Model Drives Q4 Revenue — Quarterly Update Report
Yahoo Finance· 2026-01-13 13:44
Core Insights - SOL Strategies Inc. (NASDAQ: STKE) has successfully transitioned from a passive crypto holder to an institutional-grade Solana infrastructure platform, with its DAT++ strategy now generating revenue through validator commissions and staking rewards [1][2]. Financial Performance - In 2025, STKE reported revenue of C$14.5 million, marking a significant milestone as it operates at the core of the Solana network [2]. - The company has a growing SOL treasury and enterprise-grade validators that yield returns on both owned assets and third-party delegated stakes [2]. Growth Momentum - The momentum is expected to continue into the new year, with street estimates indicating ongoing top-line growth as institutional participation in Solana increases [3]. - Assets under delegation are projected to expand to approximately 3.3 million SOL, and new staking-related products are anticipated to launch [3]. Financial Adjustments - The reported FY25 loss was primarily due to non-cash and one-time items related to acquisition expenses and the NASDAQ listing [3]. - After adjusting for extraordinary items, STKE remained EBITDA-positive, highlighting improved unit economics as the DAT++ model matures [3]. Market Position - With strong liquidity and expanding institutional adoption, STKE is trading at a discount to its underlying Net Asset Value, positioning the company for a potential re-rating [3].
SOL Strategies Announces Repayment of Credit Facility with Former Board Chairman
TMX Newsfile· 2025-12-31 19:03
Core Viewpoint - SOL Strategies Inc. is restructuring its balance sheet by converting 50% of its outstanding credit facility into equity, which reflects the lender's confidence in the company's business model focused on the Solana ecosystem [1][3]. Group 1: Credit Facility Details - The Amended Credit Facility allows for 50% of the outstanding balance to convert to equity at a price of C$2.14 per common share, resulting in the issuance of 2,300,726 common shares [2]. - The remaining balance of the credit facility will be repaid in two cash tranches of C$2,461,777.12 each, due within seven and forty-five days respectively [2]. Group 2: Management Commentary - The Interim CEO, Michael Hubbard, stated that this restructuring optimizes the capital structure and is a significant milestone in reducing liabilities [3]. - The conversion of half of the facility to equity demonstrates the lender's continued trust in the company's Solana infrastructure business [3]. Group 3: Related Party Transaction - The lender, Antanas Guoga, is a former Board Chairman and significant shareholder, holding approximately 13% of the company's outstanding common shares on an undiluted basis [3]. - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [3]. Group 4: Reporting and Compliance - The company did not file a material change report 21 days prior to agreeing to the Amended Credit Facility, as it deemed it in its best interest to settle the terms without delay [4]. - A material change report will be filed containing all prescribed disclosures related to this related party transaction within the required timeframe [4].
SOL Strategies Reports Financial Results for Fiscal Year Ended September 30, 2025
TMX Newsfile· 2025-12-31 13:30
Core Viewpoint - SOL Strategies Inc. has reported significant financial growth for the fiscal year ended September 30, 2025, highlighting its commitment to the Solana ecosystem and its strategic investments in blockchain innovation [1][6]. Financial Performance - Revenue for the fiscal year ended September 30, 2025, was approximately CAD $14.5 million, representing a 36.7% increase from CAD $10.6 million in the same period in 2024 [14]. - Total SOL holdings as of September 30, 2025, amounted to 435,159 SOL, valued at approximately CAD $126.4 million, up from 100,763 SOL valued at around CAD $20.8 million as of September 30, 2024 [14]. - Revenue generated from validator rewards for the fiscal year was approximately CAD $5.4 million, a significant increase from nil in the previous fiscal year [14]. - Revenue from staking rewards reached approximately CAD $4.8 million, up from CAD $0.3 million for the fiscal year ended September 30, 2024 [14]. - Adjusted EBITDA for the fiscal year was approximately CAD $4.2 million, down from CAD $9.5 million for the fiscal year ended September 30, 2024 [14]. Upcoming Events - The company will host a webcast and conference call on January 6, 2026, at 4:30 PM EST to discuss these financial results and provide insights into recent milestones and growth outlook [4][5].
SOL Strategies Announces Date of Fiscal Year End 2025 Financial Earnings Call
TMX Newsfile· 2025-12-29 13:30
Core Viewpoint - SOL Strategies Inc. is set to release its financial results for the year ended September 30, 2025, on December 29, 2025, and will host a webcast and conference call on January 6, 2026, to discuss these results and the company's growth outlook [1][2]. Company Overview - SOL Strategies Inc. is a Canadian investment company focused on blockchain innovation, specifically within the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [4]. Upcoming Events - The financial results webcast and conference call will take place on January 6, 2026, at 4:30 PM EST, featuring interim CEO Michael Hubbard, CFO Doug Harris, COO Andrew McDonald, and CTO Max Kaplan [2]. - A replay of the event will be available shortly after the live session, and interested parties are encouraged to sign up for the investor distribution list for future updates [3].
SOL Strategies: The Premier Public Play on the Solana Economy – Initiation Report
Yahoo Finance· 2025-12-17 12:46
Download the Complete Report Here By Brandon Hornback SOL Strategies Inc. (NASDAQ: STKE) is the premiere play on Solana’s (SOL) accelerated growth, packaged as an easily-accessible public equity. After a broad-based selloff in shares of digital asset treasury (DAT) companies,STKE presents a rare opportunity to own a compelling business at a price that may not last long. The company commands a large and growing holding of SOL, a yield-rich digital asset. STKE now holds 526,600 SOL on its balance sheet and ...
SOL Strategies November 2025 Monthly Business Update
Newsfile· 2025-12-04 17:53
Core Insights - SOL Strategies Inc. has been selected as a staking provider for the VanEck Solana ETF, enhancing its position as a key player in the Solana ecosystem [2][6][7] - The company engaged in industry events to connect with potential institutional partners, indicating a proactive approach to business development [3] - SOL Strategies has successfully managed its debt by repaying CAD $3 million and restructuring an additional CAD $4 million through a DeFi loan, showcasing effective balance sheet management [4] Corporate Highlights - The VanEck Solana ETF is a significant product aimed at both institutional and retail investors, utilizing SOL Strategies' Orangefin validator, which meets high security and compliance standards [2] - The company participated in notable conferences, including the Cantor Crypto Conference and Clear Street Disruptive Technology Conference, to foster relationships with potential partners [3] - The restructuring of the credit facility through a DeFi loan reflects the company's innovative approach to financial management within the Solana ecosystem [4] Treasury and Validator Operations - As of November 30, 2025, SOL Strategies holds approximately 526,637 SOL, valued at around CAD 103.16 million, with a validator uptime of 100% [8] - The company has delivered a peak annual percentage yield (APY) of 6.72% through its Orangefin validator, outperforming the network average of 6.34% [8] Institutional and Ecosystem Development - The selection as a staking provider for the VanEck Solana ETF reinforces SOL Strategies' reputation as a reliable institutional-grade partner [7] - Participation in the Marinade Select program further establishes the company's role in the Solana ecosystem [7]