Sol Strategies Inc Stock Price, News & Analysis

Sol Strategies (CSE: HODL, OTC: CYFRF) has appointed Anthony Pompliano as company advisor. Pompliano, founder and CEO of Professional Capital Management, brings extensive experience in digital assets and venture capital, having invested in companies like Coinbase, Lyft, Reddit, and Everlywell. He is known for his educational initiatives through The Pomp Podcast and The Pomp Letter. The company will grant 563,669 restricted share units to Pompliano, pending approval from the board, shareholders, and Canadian Securities Exchange.

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings), has filed an early warning report regarding his acquisition of 3,986,200 common shares through CSE transactions between November 11-15, 2024. Following the acquisition, Guoga's holdings changed from 52,579,667 to 48,545,067 common shares, plus 2,000,000 stock options, representing approximately 33.21% of outstanding shares (undiluted) and 34.11% (partially diluted). The acquisition was made for investment purposes, with Guoga maintaining a long-term investment view.

Antanas Guoga, Chair and director of Sol Strategies Inc., has filed an early warning report regarding the disposition of 4,034,600 common shares through the Canadian Securities Exchange between October 31-November 6, 2024. Following the disposition, Guoga's holdings decreased from 35.97% to 33.21% on an undiluted basis, and from 36.83% to 34.11% on a partially diluted basis. His current position includes 48,545,067 common shares and options to purchase 2,000,000 additional shares. The transactions were completed for investment purposes, with Guoga maintaining a long-term investment view.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), a Canadian holding company focused on Solana blockchain investments, has granted 279,500 stock options to a director. The options allow for the purchase of common shares at $2.02 per share and will expire on October 28, 2029. The common shares issued upon exercise will be subject to a four-month hold period from the grant date.

Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) has announced strategic portfolio adjustments, acquiring 12,389 SOL at an average price of CAD $240.12, bringing their total SOL holdings to 130,125.2186 (valued at CAD $32,202,081). Simultaneously, the company sold 24.5026 bitcoin at CAD $95,878.28 per BTC, generating CAD $2,349,267 in proceeds. The company retains 23.168 bitcoin, valued at approximately CAD $2,250,466. This reallocation aligns with their focus on Solana's role in decentralized finance while maintaining a reduced Bitcoin position.

Sol Strategies (CSE: HODL, OTC: CYFRF) announced a Letter of Intent to acquire four blockchain validators and provided a financial update. The acquisition involves payments of CAD $1.38M in cash, CAD $1.38M in shares at closing, and CAD $7.61M in shares over three years based on performance. The company drew down USD $2M from its loan facility and increased its Solana holdings to 117,619.10 SOL (CAD $28.6M). Since June 2024, staking operations generated 1,944.22 SOL in revenue. The company sold 8.57 bitcoin for CAD $787,991 and currently holds 47.67 bitcoin valued at CAD $4.5M. Additional investments include SOL options and private equity valued at CAD $442,000.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) has secured a CAD $10 million unsecured, revolving demand credit facility from its Chairman and director, Antanas Guoga. The facility, effective until October 21, 2026, carries a 5% annual interest rate. Sol Strategies plans to use the funds for working capital and investment purposes. This transaction is considered a 'Related Party Transaction' under MI 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements.

CEO Leah Wald emphasized the non-dilutive nature of the financing and the financial flexibility it provides. The credit facility was unanimously approved by the company's board of directors, including independent directors, who deemed the terms reasonable and commercially favorable.

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings Inc.), has filed an early warning report regarding the acquisition of 16,575,000 common shares and the disposition of 1,221,000 common shares of the Company. The transactions occurred between September 16, 2022, and October 1, 2024, through the Canadian Securities Exchange and stock option exercises.

Prior to these transactions, Mr. Guoga held approximately 23.25% of the issued and outstanding Common Shares on an undiluted basis. After the acquisition and disposition, his holdings increased to approximately 36.0% of the issued and outstanding Common Shares on an undiluted basis. The transactions were completed for investment purposes, and Mr. Guoga may adjust his holdings in the future based on market conditions and other factors.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) reported a significant increase in SOL delegated to its public validator for staking rewards on the Solana blockchain. As of October 15, 2024, approximately 225,158.82 SOL (CAD $48,086,433.94) had been delegated, including 105,288.99 SOL from the company and the rest from third parties. The company's total SOL holdings reached 105,389.79 SOL (CAD $22,493,066.54).

The growth in delegated amount includes 118,596.55 SOL from the Solana Foundation's delegation program and 1,290.032993 SOL (CAD $275,328.36) from other third parties. CEO Leah Wald attributed this increase to the team's operational excellence and commitment to maintaining top-tier validator performance.