Sol Strategies Inc Stock Price, News & Analysis

Sol Strategies (CSE: HODL, OTC: CYFRF) has secured a second tranche private placement of CAD $2.5 million, bringing total gross proceeds from private placements to CAD $30 million. The financing will support the company's SOL treasury holdings expansion and revenue-generating validator operations.

The private placement consists of unsecured convertible debenture units, each comprising a CAD $1,000 principal debenture and 400 warrants. Key terms include:

• 2.5% annual interest rate, payable semi-annually in cash or shares
• Convertible to shares at CAD $2.50 per share
• Warrants exercisable at CAD $2.50 per share within 5 years
• Debentures redeemable after 3 years at 112% of principal value

The placement is expected to close around January 24, 2025, with no finder's fees. Issued shares will have a four-month trading restriction period.

Sol Strategies (CSE: HODL, OTC: CYFRF) has completed a CAD $27.5 million private placement financing with ParaFi Capital. The funding consists of convertible debenture units, each comprising a CAD $1,000 debenture and 400 common share purchase warrants. The debentures carry a 2.5% annual interest rate and are convertible into shares at CAD $2.50 per share.

The warrants allow holders to purchase company shares at CAD $2.50 per share until January 16, 2030. The debentures are redeemable in cash after three years at 112% of principal value plus accrued interest. The proceeds will be used to increase SOL treasury holdings and expand revenue-generating validator operations.

Sol Strategies (CSE: HODL, OTC Pink: CYFRF) has launched a new mobile application through its subsidiary Orangefin Ventures, offering the first non-custodial staking solution for Solana (SOL) on mobile devices. The app, available on the Solana dApp Store, enables users to stake SOL directly from their phones with expected returns of 8-10% APY.

The application features a non-custodial model where investors maintain control of their keys, and is developed by ISO 27001 compliant validator Orangefin. The app is currently available on the Solana dApp Store with planned releases on Google Play and Apple App Store later this year.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) has announced a CAD $27.5 million private placement financing with ParaFi Capital. The financing consists of convertible debenture units, each including a CAD $1,000 debenture and 400 warrants. The debentures carry a 2.5% annual interest rate and are convertible into company shares at CAD $2.50 per share.

The warrants allow holders to purchase shares at CAD $2.50 per share within five years of closing. The debentures are redeemable in cash after three years at 112% of principal value plus interest. The proceeds will be used to increase SOL treasury holdings and expand revenue-generating validator operations. The private placement is expected to close around January 16, 2025.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) has secured a CAD $25 million credit facility from its Chairman and Director, Antanas Guoga, specifically for purchasing Solana tokens. The company has already drawn $4 million from this facility, which will be used for staking operations, DeFi protocols, validator operations, and strategic liquidity provision to Solana-based projects.

The credit facility, established through an agreement dated January 6, 2025, is unsecured and revolving, with a maturity date of January 6, 2027. The drawn amount will bear a 5% annual interest rate. This transaction constitutes a related party transaction under MI 61-101, but qualifies for exemptions from valuation and minority shareholder approval requirements as it represents less than 25% of the company's market capitalization.

Sol Strategies (CSE: HODL) has completed the acquisition of three blockchain validators from Orangefin Ventures. The acquisition increases Sol Strategies' total staked SOL to 1,505,145 (CAD $440,249,107), of which the company owns 142,801 SOL. The staked SOL is distributed across three validators: 259,033 SOL on their proprietary validator, 677,879 SOL on the Cogent Crypto validator, and 632,302 SOL on the Orangefin Ventures validator.

The purchase consideration includes USDC$750,000 cash payment, USD$750,000 in common shares (503,621 shares at CAD $2.14), and USD$5,000,000 in additional shares to be issued in six equal tranches over three years. Max Kaplan, former Senior Director of Engineering at Kraken, joins as Head of Staking.

Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) has signed a definitive agreement to acquire three validators from Orangefin Ventures for USD$6.5 million. The acquisition includes validators operating on Solana, Solana Testnet, and Arch Testnet networks. Post-acquisition, Sol Strategies will manage 1,505,145 SOL (CAD $406,852,077) across its validator operations, with an approximate 9% APY.

The purchase price will be paid through a combination of cash and common shares: USD$750,000 in cash/stablecoin, USD$750,000 in common shares at closing, and USD$5,000,000 in additional shares over three years. Max Kaplan, Orangefin Ventures' founder, will join as Head of Staking. The closing is expected in Q1 2025, subject to regulatory approvals.

Sol Strategies Inc. (CSE: HODL, OTC: CYFRF) has signed a definitive agreement to acquire three validators from Orangefin Ventures for USD$6.5 million. The acquisition includes validators operating on Solana, Solana Testnet, and Arch Testnet networks. Post-acquisition, Sol Strategies will manage 1,505,145 SOL (CAD $406.8M) across its validators, with an approximate 9% APY.

The purchase price will be paid through a combination of USD$750,000 in cash/stablecoin, USD$750,000 in common shares at closing, and USD$5 million in additional shares issued over three years. As part of the deal, Orangefin's founder Max Kaplan joins as Head of Staking. The transaction is expected to close in Q1 2025.

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings), has filed an early warning report regarding the disposition of 3,000,000 common shares through the Canadian Securities Exchange between December 10-12, 2024. Following the disposition, Guoga's holdings decreased from 51,763,267 to 48,763,267 common shares, plus 2,000,000 stock options. His ownership percentage reduced from approximately 35.23% to 32.70% on an undiluted basis and from 36.10% to 33.59% on a partially diluted basis. Guoga maintains a long-term investment view and may acquire or sell additional securities based on market conditions and other factors.