Core Insights - SOL Strategies Inc. celebrates its one-year anniversary of transforming from a Bitcoin holding company to a publicly traded enterprise focused on the Solana ecosystem, achieving significant shareholder value and establishing new institutional blockchain participation categories through its DAT++ model [1][2][3] Financial Performance Milestones - The Solana treasury grew from $0 SOL holdings as of March 31, 2024, to $144 million, holding 435,064 SOL tokens, with total assets reaching $164 million [3] - The company achieved $800,000 adjusted EBITDA in Q3 2025, showcasing the effectiveness of the DAT++ model's dual revenue approach [3] Competitive Advantage - The DAT++ model combines digital asset treasury holdings with validator infrastructure operations, creating dual revenue streams that compound growth at nearly double the rate of traditional staking-only models [5] Operational Milestones - The company operates over CAD $1.24 billion in delegated SOL across five validators, managing 3.73 million SOL tokens with over 12,000 unique staking participants [6] - SOL Strategies is one of the first validators running Firedancer and has launched the first native Solana staking mobile app, along with developing multiple open-source packages adopted across the Solana ecosystem [7] Compliance and Listing Achievements - The company completed SOC1 Type 1, SOC 2 Type 1, and ISO 27001 audits, establishing enterprise-grade institutional compliance standards [9] - Achieved cross-listing on the Nasdaq Global Select Market under ticker "STKE" on September 9, 2025, becoming the first Solana-focused company to reach this milestone [9] Strategic Partnerships - Selected by ARK Invest as the exclusive Solana staking provider for their Digital Asset Revolutions Fund and established strategic partnerships with Neptune Digital Assets and BitGo's institutional custody platform [10] Financing and Growth Initiatives - Secured a USD $500 million convertible note facility with ATW Partners, a $25 million facility from former Chairman Antanas Guoga, and a $30 million financing from ParaFi Capital [11] - Filed a preliminary shelf prospectus in Canada to provide flexibility for future growth initiatives [11] Strategic Acquisitions - Executed three strategic acquisitions, including Cogent, Orangefin, and Laine's validator network, which helped transform the company into a vertically integrated Solana infrastructure operation [12] - The acquisition of Laine's validator network specifically doubled the company's staked SOL assets, establishing a scalable platform serving prominent ecosystem participants [12]