Welcome to our dedicated page for Sol Strategies news (Ticker: CYFRF), a resource for investors and traders seeking the latest updates and insights on Sol Strategies stock.
SOL Strategies Inc. (CSE: HODL, OTCQB: CYFRF) is a Canadian capital markets company focused on the Solana blockchain ecosystem, and its news flow reflects that specialization. The company regularly issues updates on its validator operations, Solana-denominated treasury, and broader infrastructure initiatives, giving investors insight into how it participates in the network.
On this page, readers can follow CYFRF news related to validator performance, assets under delegation, and revenue trends in SOL terms. SOL Strategies’ monthly corporate updates often highlight metrics such as delegated Solana stake, validator uptime, peak yields delivered by specific validators, and the number of unique wallets served. These disclosures help investors understand operational activity beyond simple token holdings.
News items also cover capital markets developments, including the filing of a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission, the company’s application to list on The Nasdaq Stock Market under the symbol STKE, and a one-for-eight share consolidation aimed at meeting Nasdaq’s listing requirements while maintaining its Canadian listing under HODL.
In addition, SOL Strategies publishes announcements about ecosystem and institutional relationships, such as being selected as the Solana staking provider for ARK Invest’s Digital Asset Revolutions Fund and the establishment of its Strategic Ecosystem Reserve funded from validator revenue. Governance and leadership updates, including changes to the board of directors and advisory roles, are also disclosed through news releases.
Investors who follow CYFRF news can use this feed to monitor operational milestones in Solana infrastructure, progress toward cross-listing in U.S. markets, and initiatives like the Orangefin mobile staking application. Bookmark this page to access an organized view of company-issued news and regulatory-linked announcements.
Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) reports significant growth in its Solana validator operations and SOL holdings. The company's three mainnet Solana validators increased total SOL delegation from 1.57M to 1.77M SOL in January, including 166,000 new third-party delegations. The company successfully deployed the Firedancer validator client on two validators, enhancing network performance.
Between January 19-31, 2025, Sol Strategies purchased 40,300 SOL for approximately CAD$14.3M at an average price of CAD$355.77 per SOL. The company completed a CAD$2.5M convertible debentures private placement, satisfied by 6,564.47 SOL. As of January 31, 2025, the company held approximately 189,968 SOL, valued at CAD$63.7M based on closing prices.
Director and Chief Investment Officer Moe Adham resigned effective January 30, 2025, due to personal circumstances related to family relocation to Tokyo, but will continue advising on strategic initiatives.
Sol Strategies Inc (CSE: HODL) (OTCQX: CYFRF) has released its Q4 2024 shareholder letter, highlighting its transformation from a Bitcoin holdings company to a Solana ecosystem-focused enterprise following its September 2024 rebrand. The company has evolved beyond a NAV-based holding model to focus on building Solana infrastructure.
As a key operational milestone, Sol Strategies' Solana validator has seen significant growth in delegated SOL, increasing from 101,200 SOL (valued at $20.9 million) as of September 30, 2024, to 1,729,599 SOL (valued at $634 million CAD) by January 25, 2025. The company notes that staking revenues may vary due to market conditions and validator uptime.
Sol Strategies (CSE: HODL, OTCQX: CYFRF) has announced a significant expansion of its Solana holdings, acquiring approximately 19,100 SOL between January 17-24, 2025, for approximately $6.98 million CAD at an average price of $365.49 per SOL.
As of January 24, 2025, the company's total holdings amount to 160,710.36 SOL, acquired at a total purchase price of approximately $37.6 million CAD (average purchase price: $234.15 CAD per SOL). The current value of these holdings stands at $58.4 million CAD based on the January 24, 2025 closing price.
The company has scheduled its Q4 2024 and full year earnings call for January 28, 2025, at 4:30 p.m. EST.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) has completed its second tranche private placement financing of CAD $2.5 million, bringing the total gross proceeds to CAD $30 million paid in SOL tokens. The private placement consists of unsecured convertible debenture units, each comprising a CAD $1,000 principal debenture and 214 common share purchase warrants.
The debentures feature a 2.5% annual interest rate, payable semi-annually in cash or company shares, and are convertible into shares at CAD $4.66 per share. Warrants can be exercised at CAD $4.66 per share until January 24, 2030. The debentures are redeemable in cash after three years at 112% of principal value plus accrued interest. All issued shares will have a four-month and one-day trading restriction.
Sol Strategies (CSE: HODL, OTC: CYFRF) has announced updated terms for its second tranche private placement of CAD $2.5 million. This follows previous financings, bringing total gross proceeds to CAD $30 million, paid in SOL tokens to increase the company's SOL treasury holdings.
The private placement consists of unsecured convertible debenture units, each comprising a CAD $1,000 principal debenture and 214 warrants (reduced from 400). Key terms include:
- 2.5% annual interest rate, payable semi-annually in cash or shares
- Convertible to shares at CAD $4.66 per share (increased from $2.50)
- Warrants exercisable at CAD $4.66 per share within 5 years
- Debentures redeemable after 3 years at 112% of principal value
The closing is expected around January 24, 2025, with no finder's fees. Issued shares will have a four-month trading restriction.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF), a Canadian company focused on Solana blockchain infrastructure investment, has scheduled its Q4 2024 financial results release for January 28, 2025, at 4 PM EST. The announcement will be followed by a live webcast and conference call at 4:30 PM EST, featuring CEO Leah Wald and CFO Doug Harris.
The event will include a Q&A session and can be accessed via phone at (800) 225-9448 (US) or (203) 518-9708 (International). A webcast replay will be available on the company's investor relations website after the event.
Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) has announced its upgrade from the Pink® market to trade on the OTCQX® Best Market effective January 21, 2025, under the symbol 'CYFRF'. This upgrade represents a strategic move to enhance accessibility and transparency for U.S. investors.
The company, which focuses on investing in and building infrastructure for the Solana blockchain ecosystem, will benefit from streamlined reporting standards while maintaining compliance with high financial and corporate governance standards. CEO Leah Wald emphasized that this move aligns with their commitment to growth and delivering value to stakeholders while strengthening their connection to U.S. investors.
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.
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