Insiders Trades
Sol Strategies Inc. Stock: price and insider trades · Canada
Sol Strategies Inc.: what insiders have been doing
Sol Strategies Inc. is a Technology company. Its directors and officers file their transactions with SEDI. Over the twelve months to 18 October 2026, the company's managers filed 56 filings, from 8 insiders.
Every open-market trade in the period is a purchase: 20 purchases worth €693k, from 2 insiders, and not a single sale. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Biggest ticket of the year: €73k, bought by Guoga, Antanas (Tony) and made public on 2 October 2026 (0.12% of market cap). On the buying side, the filings list 1 major shareholder and 1 senior executive among the declarants.
For context, the typical company on the same exchange (median of 2,144 companies) published 12 filings over the same period, against 56 filings here. The full history, which starts in 2026, counts 20 purchases against no sales.
The clock since the last published purchase (7 October 2026) now reads 10 days. Typically, a trade is published a median of 3 days after it takes place. Until a filing is published, the market cannot know about the trade.
For comparison within the same sector, see the insider buying recorded at Gitlab Inc. and Baozun Inc. These figures are compiled from regulatory filings published by SEDI. They describe what insiders did and are not a recommendation.
Insider Decl.
56
Thresholds
n/a
Buy Volume
€693,230
20 ops. · all time
Sell Volume
n/a
n/a
Who traded when
BuySaleAntanas (Tony) Guoga16 buys
Stephen Ehrlich4 buys
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended September 2025 · cache
CA$1.93
Analyst consensus
1 analysts1.00/5
CA$29.00Target CA$29.00(+1403%)CA$29.00
Income statement
RevenueCA$14.4M
EBITDA-CA$31.4M-218% margin
Net income-CA$35M-243.3% margin
Valuation
PER (forward)48.3x
P/Book2.2x
Beta1.34
Balance sheet & cash
Market capCA$76.7M
Total debtCA$51.9M
Free Cash Flow-CA$18.8M
Debt / Equity163%
Profitability & ownership
ROE-213.0%
ROA-7.7%
% insiders23.6%
% institutions3.8%
Last declaration on 8 October 2026
Declarations56 total
2,946 sharesCommon SharesTSXSEDI:4789154
2,946 sharesRights Restricted Share UnitsTSXSEDI:4789153
30,000 shares@ CA$1.84660.056% mcap5.0% of flowCommon SharesTSXSEDI:4789073
Canonical exit: 4 Jan 2027 (T+90)
30,000 shares@ CA$2.62640.080% mcap7.1% of flowCommon SharesTSXSEDI:4789072
Canonical exit: 4 Jan 2027 (T+90)
2,684 sharesCommon SharesTSXSEDI:4788904
2,684 sharesRights Restricted Share UnitsTSXSEDI:4788903
2,931 sharesCommon SharesTSXSEDI:4788599
2,931 sharesRights Restricted Share UnitsTSXSEDI:4788597
2,586 sharesCommon SharesTSXSEDI:4788330
2,586 sharesRights Restricted Share UnitsTSXSEDI:4788329
2,430 sharesCommon SharesTSXSEDI:4788106
2,430 sharesRights Restricted Share UnitsTSXSEDI:4788105
50,000 shares@ CA$2.34010.12% mcap12.0% of flowCommon SharesTSXSEDI:4785502
Canonical exit: 30 Dec 2026 (T+90)
20,000 shares@ CA$1.75710.037% mcap3.6% of flowCommon SharesTSXSEDI:4785495
Canonical exit: 31 Dec 2026 (T+90)
50,000 shares@ CA$1.64350.087% mcap8.4% of flowCommon SharesTSXSEDI:4785493
Canonical exit: 30 Dec 2026 (T+90)
3,792 sharesCommon SharesTSXSEDI:4784663
3,792 sharesRights Restricted Share UnitsTSXSEDI:4784661
25,000 shares@ CA$1.65190.045% mcap5.6% of flowCommon SharesTSXSEDI:4781936
Canonical exit: 24 Dec 2026 (T+90)
50,000 shares@ CA$1.60680.088% mcap10.9% of flowCommon SharesTSXSEDI:4780454
Canonical exit: 21 Dec 2026 (T+90)
50,000 shares@ CA$2.26030.12% mcap15.3% of flowCommon SharesTSXSEDI:4780453
Canonical exit: 21 Dec 2026 (T+90)
50,000 shares@ CA$1.51770.083% mcap10.3% of flowCommon SharesTSXSEDI:4780317
Canonical exit: 20 Dec 2026 (T+90)
50,000 shares@ CA$2.1320.12% mcap14.4% of flowCommon SharesTSXSEDI:4780314
Canonical exit: 20 Dec 2026 (T+90)
30,000 shares@ CA$1.24890.041% mcap5.1% of flowCommon SharesTSXSEDI:4775937
Canonical exit: 7 Dec 2026 (T+90)
30,000 shares@ CA$1.71760.057% mcap7.0% of flowCommon SharesTSXSEDI:4775936
Canonical exit: 7 Dec 2026 (T+90)
23,827 shares@ CA$1.31090.034% mcap4.2% of flowCommon SharesTSXSEDI:4769137
Canonical exit: 19 Nov 2026 (T+90)
25 of 56 declarations
About Sol Strategies Inc.
SOL Strategies Inc. is a Canadian-listed company trading on the CSE under the ticker HODL, with an additional Nasdaq listing under STKE. From an investor’s perspective, the key point is that the company has undergone a major strategic transformation. Formerly known as Cypherpunk Holdings Inc., it rebranded to SOL Strategies Inc. in September 2024 after pivoting toward the Solana blockchain ecosystem. The company is headquartered in Toronto, Ontario, Canada, making it a Canadian issuer subject to local continuous disclosure requirements, including insider reporting through SEDI and public filings through SEDAR+.
The company was incorporated in 2002, but its current business profile is the result of a relatively recent strategic pivot. Since July 2024, and more visibly throughout fiscal 2025, SOL Strategies has positioned itself as a Solana-focused blockchain infrastructure platform. Its core business lines are: holding SOL as a treasury asset, operating validators on the Solana network, and developing staking-related infrastructure and tools aimed at institutional-grade users. The company states that it operates proprietary validators and generates revenue from validator commission fees and staking rewards associated with its SOL treasury holdings.
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In competitive terms, SOL Strategies stands out as a public-market Solana pure-play, giving investors a listed vehicle with direct exposure to Solana ecosystem growth. The company’s positioning combines technical infrastructure, staking products, compliance-oriented frameworks, and ecosystem development. That makes it more than a passive treasury vehicle: management presents the business as an operating platform intended to participate in network growth, staking economics, and institutional adoption.
Recent milestones have been significant. In 2025, the company announced approval for a Nasdaq Global Select Market listing while continuing to trade in Canada on the CSE. In 2026, disclosures highlighted further execution on the strategy, including the launch of a liquid staking platform, selection as the staking provider for VanEck’s Solana ETF, the acquisition of Darklake Labs, and a definitive agreement to acquire Houdini Swap. The latter was described as adding a fifth revenue stream and cross-chain distribution across more than 100 blockchain networks. For investors in France, Belgium, and Switzerland, SOL Strategies is therefore a high-beta digital-asset infrastructure name: it offers exposure to Solana adoption, but also carries the usual risks of crypto treasury businesses, including token-price volatility, execution risk, and a changing regulatory backdrop in Canada and beyond.
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