SOL Strategies Celebrates One-Year Anniversary of Transformation to a Solana DAT++
SOL Strategies (NASDAQ: STKE) celebrates its one-year transformation from a Bitcoin holding company to North America's first publicly traded Solana-focused enterprise. The company has successfully implemented its DAT++ (Digital Asset Treasury Plus) model, combining treasury holdings with validator infrastructure operations.
Key achievements include: treasury growth to $144 million with 435,064 SOL tokens, $800,000 adjusted EBITDA in Q3 2025, and operation of $1.24 billion in delegated SOL across five validators. The company secured significant financing, including a $500 million convertible note facility with ATW Partners.
Notable milestones include Nasdaq Global Select Market listing, strategic partnerships with ARK Invest and BitGo, and three key acquisitions (Cogent, Orangefin, and Laine's validator network) that enhanced its infrastructure capabilities.
SOL Strategies (NASDAQ: STKE) celebra il suo cambiamento di un anno da una società detentrice di Bitcoin a prima impresa nordamericana quotata pubblicamente focalizzata su Solana. L'azienda ha implementato con successo il modello DAT++ (Digital Asset Treasury Plus), che combina l’assetto di tesoreria con operazioni di infrastruttura per i validator.
Tra i principali risultati: crescita della tesoreria a 144 milioni di dollari con 435.064 token SOL, EBITDA rettificato di 800.000 dollari nel Q3 2025 e l’operatività di 1,24 miliardi di dollari in SOL delegato su cinque validator. L’azienda ha ottenuto finanziamenti significativi, tra cui una facility di note convertibili da 500 milioni di dollari con ATW Partners.
Tra le tappe rilevanti figurano la quotazione al Nasdaq Global Select Market, partnership strategiche con ARK Invest e BitGo, e tre acquisizioni chiave (Cogent, Orangefin e la rete validator di Laine) che hanno potenziato le capacità infrastrutturali.
SOL Strategies (NASDAQ: STKE) celebra su transformación de un año de una empresa holding de Bitcoin a la primera empresa en Norteamérica cotizada públicamente centrada en Solana. La compañía ha implementado con éxito su modelo DAT++ (Digital Asset Treasury Plus), que combina tesorería con operaciones de infraestructura de validadores.
Logros clave incluyen: crecimiento de la tesorería a 144 millones de dólares con 435,064 tokens SOL, EBITDA ajustado de 800,000 dólares en el tercer trimestre de 2025 y operación de 1,24 mil millones de dólares en SOL delegado entre cinco validadores. La empresa aseguró financiamiento significativo, incluyendo una facilidad de notas convertibles por 500 millones de dólares con ATW Partners.
Hitos notables incluyen la cotización en Nasdaq Global Select Market, alianzas estratégicas con ARK Invest y BitGo, y tres adquisiciones clave (Cogent, Orangefin y la red de validadores de Laine) que mejoraron sus capacidades de infraestructura.
SOL Strategies (NASDAQ: STKE)는 비트코인 보유 회사에서 북미 최초의 솔라나 전문 공개상장 기업으로의 1년 간 변화를 축하합니다. 이 회사는 자산 관리와 밸리데이터 인프라 운영을 결합한 DAT++ (Digital Asset Treasury Plus) 모델을 성공적으로 구현했습니다.
주요 성과로는 재무현금 보유고가 1억 4400만 달러로 증가하고 435,064 SOL 토큰, 2025년 3분기 조정 EBITDA 80만 달러, 다섯 개 밸리데이터에 걸친 12.4억 달러 규모의 위임 SOL 운영이 있습니다. 또한 ATW Partners와의 5억 달러 규모의 전환사채 시설 등 중요한 자금 조달을 확보했습니다.
주요 이정표로는 나스닥 글로벌 셀렉트 마켓 상장, ARK Invest 및 BitGo와의 전략적 파트너십, 그리고 인프라 역량을 강화한 세 가지 주요 인수(Cogent, Orangefin, Laine의 밸리데이터 네트워크)가 있습니다.
SOL Strategies (NASDAQ: STKE) célèbre sa transformation d’un an d’une société détentrice de Bitcoin en la première entreprise nord-américaine cotée publiquement axée sur Solana. L’entreprise a mis en œuvre avec succès son modèle DAT++ (Digital Asset Treasury Plus), qui combine les avoirs de trésorerie et les opérations d’infrastructure des validateurs.
Les réalisations clés incluent : une croissance de la trésorerie à 144 millions de dollars avec 435 064 SOL, un EBITDA ajusté de 800 000 dollars au T3 2025, et l’exploitation de 1,24 milliard de dollars en SOL délégué sur cinq validateurs. L’entreprise a obtenu des financements importants, notamment une facilité de notes convertibles de 500 millions de dollars avec ATW Partners.
Des jalons notables incluent l’entrée en Nasdaq Global Select Market, des partenariats stratégiques avec ARK Invest et BitGo, et trois acquisitions majeures (Cogent, Orangefin et le réseau de validateurs de Laine) qui ont renforcé ses capacités d’infrastructure.
SOL Strategies (NASDAQ: STKE) feiert seine einjährige Transformation von einem Bitcoin-Holding-Unternehmen zum ersten börsennotierten Solana-unterstützten Unternehmen Nordamerikas. Das Unternehmen hat erfolgreich sein DAT++ (Digital Asset Treasury Plus)-Modell implementiert, das Tresorhaltung mit Validator-Infrastruktur betreibt.
Zentrale Errungenschaften umfassen: Tresorwachstum auf 144 Mio. USD mit 435.064 SOL-Tokens, anpassbares EBITDA von 800.000 USD im Q3 2025 und der Betrieb von 1,24 Mrd. USD an delegiertem SOL über fünf Validatoren. Das Unternehmen sicherte sich bedeutende Finanzierungen, darunter eine 500 Mio. USD Convertible-Note Facility mit ATW Partners.
Zu den bemerkenswerten Meilensteinen zählen der Nasdaq Global Select Market-Listing, strategische Partnerschaften mit ARK Invest und BitGo und drei wesentliche Akquisitionen (Cogent, Orangefin und Laine’s Validator-Netzwerk), die seine Infrastrukturfähigkeiten erweitert haben.
SOL Strategies (NASDAQ: STKE) يحتفل بتحولها خلال عام واحد من شركة حيازة بيتكوين إلى أول شركة مدرجة علناً في أمريكا الشمالية تركز على سولانا. نفّذت الشركة بنجاح نموذج DAT++ (Digital Asset Treasury Plus)، الذي يجمع بين Holdings الخزانة وعمليات بنية Validators.
الإنجازات الأساسية تشمل: نمو الخزانة إلى 144 مليون دولار مع 435,064 توكن SOL، وEBITDA معدل معدل قدره 800,000 دولار في الربع الثالث من 2025، وتشغيل 1.24 مليار دولار من SOL المفوض عبر five Validators. كما أمنت الشركة تمويلاً هاماً، بما في ذلك تسهيلات سندات قابلة للتحويل بقيمة 500 مليون دولار مع ATW Partners.
وتشمل المعالم البارزة إدراجها في Nasdaq Global Select Market، وشراكات استراتيجية مع ARK Invest وBitGo، وثلاث عمليات استحواذ رئيسية (Cogent وOrangefin وشبكة Validators الخاصة بـ Laine) التي عززت قدراتها التحتية.
SOL Strategies (NASDAQ: STKE) 庆祝其从比特币控股公司转型为北美第一家以 Solana 为焦点的公开交易企业的一周年。公司已成功实施其 DAT++ (Digital Asset Treasury Plus) 模型，将 treasury 持有与验证者基础设施运营相结合。
主要成就包括： treasury 增长至 1.44 亿美元，持有 435,064 SOL 代币，2025 年第三季度经调整的 EBITDA 为 80 万美元，以及在五个验证者上运营的 12.4 亿美元的委托 SOL。公司获 significant 融资，包括与 ATW Partners 的 5 亿美元可转换债券设施。
值得注意的里程碑包括 纳斯达克全球精选市场上市、与 ARK Invest 和 BitGo 的战略 Partnerships，以及 Cogent、Orangefin 和 Laine 验证者网络三项关键收购，提升了其基础设施能力。
- Achieved $800,000 adjusted EBITDA in Q3 2025, demonstrating profitability
- Substantial treasury growth to $144 million with 435,064 SOL tokens
- Operates $1.24 billion in delegated SOL across five validators
- Secured $500 million convertible note facility with ATW Partners
- Successfully listed on Nasdaq Global Select Market
- Strategic partnership with ARK Invest as exclusive Solana staking provider
- Completed three strategic acquisitions strengthening infrastructure capabilities
- Complete transformation from Bitcoin to Solana focus carries execution risks
- Significant dependence on Solana ecosystem performance and adoption
- Multiple financing arrangements could lead to potential dilution
Company Launches Digital Asset Treasury Plus Strategy While Achieving Nasdaq Listing
Toronto, Ontario--(Newsfile Corp. - September 16, 2025) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), a publicly traded Canadian company focused on investing in and providing infrastructure for the Solana blockchain ecosystem, marks the one-year anniversary of its strategic transformation from a Bitcoin holding company to North America's first publicly traded enterprise dedicated to the Solana ecosystem. The transformation has delivered shareholder value while establishing new categories of institutional blockchain participation through the Company's DAT++ model.
"Twelve months ago, we didn't just pivot our strategy, we developed an entirely new business model within the digital asset treasury space,” said CEO Leah Wald. “Our DAT++ approach combines traditional treasury holdings with infrastructure-driven validator revenues, creating dual revenue engines that compound growth. What makes this transformation remarkable is that we’ve built this comprehensive operation from essentially a blank canvas, assembling a world-class team while achieving a Nasdaq cross-listing.”
Financial Performance Milestones
Treasury Growth: Solana treasury expanded from
Profitability Achievement: Achieved
Financial data available on the Company's SEDAR+ profile at www.sedarplus.ca and investor relations page at https://solstrategies.io/investors/, see page 16 of the Company's Management Discussion and Analysis for the Three and Nine Months ended June 30, 2025.
The DAT++ Competitive Advantage
Developed the DAT++ approach, combining digital asset treasury holdings with validator infrastructure operations to create dual revenue streams that compound growth at nearly double traditional staking-only models.
Operational Milestones
Validator Network: Operates over CAD
Source: Delegated SOL valuations calculated using SOL =
Technology Leadership: One of the first validators running Firedancer, launched the first native Solana staking mobile app, developed multiple open-source packages adopted across the Solana ecosystem, and created Dune dashboard reporting enabling daily investor tracking.
Compliance Leadership: Completed SOC1 Type 1, SOC 2 Type 1, and ISO 27001 audits, establishing enterprise grade institutional compliance standards that enable enterprise adoption.
Nasdaq Listing: Achieved cross-listing on the Nasdaq Global Select Market under ticker "STKE" on September 9, 2025, becoming the first Solana-focused company to reach this milestone.
Strategic Partnerships
Selected by ARK Invest as exclusive Solana staking provider for their Digital Asset Revolutions Fund. Established strategic partnerships with Neptune Digital Assets (CSE: NDA) and integration with BitGo's institutional custody platform.
Secured USD
Strategic Acquisitions and Growth
Executed three strategic acquisitions, Cogent, Orangefin, and Laine's validator network,that helped transform the Company into the vertically integrated Solana infrastructure operation it is today. The acquisition of Laine's validator network specifically doubled the Company's staked SOL assets, while the collective integration of all three businesses established the scalable platform that now serves prominent ecosystem participants including Neptune Digital Assets, Pudgy Penguins, and Solana Mobile.
"This transformation demonstrates the viability of the DAT++ model in public markets," added Wald. "We've proven that combining treasury holdings with infrastructure revenue creates sustainable competitive advantages. We continue to be excited as the Solana ecosystem experiences unprecedented adoption."
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 profiles on SEDAR+ profile at www.sedarplus.ca and EDGAR at www.sec.gov.
Investor Contact:
John Ragozzino, CFA
solstrategies@icrinc.com
203.682.8284
Company Contact:
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488
Media Contact: solstrategies@scrib3.co
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 but are not limited to, how institutions will engage with the Solana ecosystem in the future; the rate of the Company's growth in the future; statements about future growth initiatives; and the viability of the DAT++ model in public markets. 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/266617
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