SOL Strategies Announces Purchase of 88,433 SOL from LIFE Offering Proceeds
Rhea-AI Summary
SOL Strategies (NASDAQ: STKE) announced on October 14, 2025 the purchase of 88,433 SOL using proceeds from its recently closed C$30 million LIFE offering. The company acquired approximately 79,000 locked SOL from the Solana Foundation at a 15% discount and bought additional spot SOL in the open market at an average price of USD $193.93 per SOL. Locked tokens will fully unlock after 12 months and are immediately fully staked to the company’s validators to generate staking rewards. Management described the transaction as a strategic deployment to expand the firm’s Solana treasury while producing validator revenue.
Positive
- Purchased 88,433 SOL at an average price of USD $193.93 per SOL
- Acquired ~79,000 locked SOL at a 15% discount from Solana Foundation
- Locked SOL fully staked immediately to generate validator staking rewards
- Funded with proceeds from a closed C$30 million LIFE offering
Negative
- 79,000 SOL unlocks after 12 months, creating timing and market exposure
- Concentrated treasury exposure to a single asset (Solana) may increase volatility risk
News Market Reaction – STKE
On the day this news was published, STKE declined 5.14%, reflecting a notable negative market reaction. Argus tracked a trough of -10.0% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $86M at that time.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - October 14, 2025) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), the first publicly traded company to combine a substantial Solana treasury with a revenue-generating validator business, today announced the purchase of 88,433 SOL tokens from the proceeds of its recently closed C
The purchase includes approximately 79,000 locked SOL tokens acquired from the Solana Foundation at a
"This strategic deployment of capital from our LIFE offering demonstrates our commitment to expanding our Solana treasury at attractive valuations," said Michael Hubbard, Interim CEO of SOL Strategies. "Acquiring locked SOL at a
About SOL Strategies
SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.
To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Investor Contact:
John Ragozzino, CFA
solstrategies@icrinc.com
203.682.8284
Media Contact:
solstrategies@scrib3.co
Company Contact:
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking statements in this news release include statements regarding the expected staking rewards from the purchased SOL tokens and the anticipated benefits of the Company's DAT++ strategy. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Disclaimer:
SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.
None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270356
FAQ
How many SOL did SOL Strategies (STKE) buy on October 14, 2025?
What price did SOL Strategies (STKE) pay per SOL in the October 14, 2025 purchase?
How many locked SOL did SOL Strategies (STKE) acquire and when do they unlock?
How was SOL Strategies (STKE) funding the October 2025 SOL purchase?
Will the SOL purchased by SOL Strategies (STKE) be used for staking?
