SOL Strategies Inc. Advances in Solana Ecosystem with Nasdaq Listing Efforts

Corporate Update Highlights for June 2025

Toronto, Ontario – July 2, 2025 – SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF), a Canadian firm focused on investments and infrastructure within the Solana blockchain ecosystem, has released a detailed corporate update for June 2025.

June proved to be a pivotal month for SOL Strategies as it positioned itself as a key institutional player in the Solana ecosystem. The company successfully submitted its Form 40-F, a significant step towards its goal of being listed on the Nasdaq, thereby enhancing its footprint in the U.S. capital markets. Additionally, the month witnessed record levels of delegated Solana stake and ongoing improvements in the company’s technological offerings.

Treasury and Validator Operations Overview

As of June 30, 2025, SOL Strategies reported the following key metrics:

• SOL Holdings: 392,667 SOL, approximately CAD $82.6 million, with the majority actively staked.
• jitoSOL Staked Holdings: 26,440 SOL, valued at around 32,060 SOL or CAD $6.7 million.
• Total SOL Holdings: Approximately CAD $89.3 million.
• SOL Assets Under Delegation: 3,745,116 SOL, reflecting a 4.5% increase from May 31, 2025.
• Unique Wallets Served: Increased to 5,520 from 5,441 in the previous month.
• Validator Uptime: Maintained at 100% (Laine).
• Peak Annual Percentage Yield (APY): Reached 7.88% (Orangefin), with a network average of 7.45%.
• Estimated CAD Exchange Value: $210.32 per SOL.

Note: The SOL to CAD conversion is based on the exchange rate from Kraken as of June 30, 2025.

Key Corporate Developments in June 2025

Filing of Form 40-F with SEC

On June 19, 2025, SOL Strategies announced the filing of its Form 40-F Registration Statement with the SEC, marking a crucial step in its application for Nasdaq listing under the symbol “STKE,” while continuing its listing on the CSE as “HODL.” This listing is contingent upon Nasdaq’s approval and adherence to regulatory standards.

Annual Shareholder Meeting Outcomes

During the same day, shareholders approved a share price consolidation, a necessary measure to meet Nasdaq’s minimum listing criteria and further the company’s strategy in U.S. capital markets.

Establishment of Strategic Ecosystem Reserve

SOL Strategies launched its Strategic Ecosystem Reserve (SER) with an initial investment of 52,181.564 JTO tokens, valued at approximately CAD $154,000. This initiative underscores the company’s commitment to supporting the Solana ecosystem and investing in teams that are pivotal in enhancing Solana’s core infrastructure. The SER will expand to include other significant projects while maintaining a focus on treasury and validator operations.

Advancements in Technology and Product Development

In June, the development of the Orangefin mobile staking application made significant strides, highlighted by a new collaboration with MoonPay to facilitate a smoother fiat-to-SOL onboarding process. The integration of Ledger hardware devices and the addition of new language options further enhance global accessibility.

CEO Leah Wald’s Insights

Leah Wald, CEO of SOL Strategies, remarked, “The filing of our 40-F with the SEC is not just a regulatory achievement; it is a foundational step in our mission to connect traditional finance with Solana’s robust infrastructure. While our primary focus in June was on completing this essential filing, we also made significant progress across our operations, particularly in enhancing Orangefin’s accessibility worldwide. These efforts reflect our dedication to supporting the foundational infrastructure that propels Solana’s growth.”

About SOL Strategies Inc.

SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) is a Canadian investment firm at the forefront of blockchain innovation, specializing in the Solana ecosystem. The company focuses on strategic investments and infrastructure solutions to empower the next generation of decentralized applications.

For more information about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all related documents can be accessed through the company’s SEDAR+ profile at www.sedarplus.ca.

Cautionary Note on Forward-Looking Statements

Neither the Canadian Securities Exchange nor its Market Regulator assumes responsibility for the accuracy of this release. This announcement contains “forward-looking information” as defined by applicable securities laws. Statements beyond historical facts may be considered forward-looking and include expectations, hopes, beliefs, intentions, or strategies regarding future events. Such information is subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

Investors are advised to exercise caution and not place undue reliance on forward-looking statements, which are based on management’s beliefs and assumptions at the time of writing. The company does not commit to updating these statements unless required by law.

Disclaimer

SOL Strategies operates independently within the Solana ecosystem and is not affiliated with the Solana Foundation. The Foundation has not endorsed or made any representations regarding SOL Strategies, and it disclaims any liability related to the statements or actions of SOL Strategies.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.