Sol Strategies Inc.: management transactions · Canada · SEDI

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. 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.