SOL Strategies Launches STKESOL: Liquid Staking Platform

Rhea-AI Summary

SOL Strategies (NASDAQ: STKE) launched STKESOL, a liquid staking token for Solana that had over 500,000 SOL staked at launch and is available on major Solana DeFi platforms including Orca, Squads, Kamino and Loopscale. STKESOL is issued via the SPL Stake Pool Program and stakes deposited SOL to dozens of validators using an automated delegation strategy based on the company's Wiz Score from stakewiz.com. The program charges deposit fees and takes a percentage of staking rewards, and the company positions STKESOL as a complementary revenue stream to validator operations and treasury holdings. The platform is accessible at app.solstrategies.io.

Positive

• Over 500,000 SOL staked at launch
• Integration with Orca, Squads, Kamino and Loopscale at launch
• Multi-validator staking across dozens of validators to reduce concentration risk
• Revenue model includes deposit fees and a percentage of staking rewards

Negative

• None.

News Market Reaction

-9.09%

6 alerts

-9.09% News Effect

+2.6% Peak Tracked

-5.1% Trough Tracked

-$6M Valuation Impact

$59M Market Cap

0.8x Rel. Volume

On the day this news was published, STKE declined 9.09%, reflecting a notable negative market reaction. Argus tracked a peak move of +2.6% during that session. Argus tracked a trough of -5.1% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $6M from the company's valuation, bringing the market cap to $59M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

SOL staked at STKESOL launch: 500,000 SOL Assets Under Delegation: 3,354,203 SOL Total SOL exposure: 523,134 SOL +5 more

8 metrics

SOL staked at STKESOL launch 500,000 SOL Initial deposits into the new STKESOL liquid staking pool

Assets Under Delegation 3,354,203 SOL Validator delegation metric from Dec 2025 update

Total SOL exposure 523,134 SOL Total SOL (including liquid-staked) as of Jan 6, 2026

Unique wallets served 26,908 Customer wallets using SOL Strategies’ infrastructure

FY2025 revenue CAD$14.5M Fiscal year ended Sept 30, 2025; up 36.7% YoY

ATM equity program size US$50M At-the-market equity facility with Cantor Fitzgerald and Roth Capital

Validator uptime 99.999% Proprietary validator performance metric from Dec 2025 update

Adjusted EBITDA FY2025 ≈CAD$4.2M Down from ≈CAD$9.5M in FY2024

Market Reality Check

Price: $1.98 Vol: Volume 530,309 vs 20-day ...

high vol

$1.98 Last Close

Volume Volume 530,309 vs 20-day average 322,942 (relative volume 1.64x) ahead of/around this launch headline. high

Technical Shares at $2.09, trading below the 200-day MA of $3.37 and 84.67% under the 52-week high of $13.6364.

Peers on Argus

STKE’s -9.13% pre-news decline contrasted with generally positive moves in key p...

STKE’s -9.13% pre-news decline contrasted with generally positive moves in key peers such as NCTY (+4.92%) and MATH (+2.67%), while only SIEB showed notable weakness (-3.18%), pointing to stock-specific rather than sector-wide pressures.

Historical Context

5 past events · Latest: Jan 08 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 08	Governance dispute	Negative	+1.4%	Concerned shareholders requisitioned a special meeting citing board failures.
Jan 08	Ownership change	Positive	+1.4%	Early warning report as Antanas Guoga increased holdings via debt settlement.
Jan 08	Operations update	Neutral	+1.4%	Monthly business update with SOL metrics and new US$50M ATM facility.
Dec 31	Debt restructuring	Neutral	-1.9%	Credit facility partly converted to equity and partly repaid in cash tranches.
Dec 31	Full-year earnings	Neutral	-1.9%	FY2025 results with higher revenue but lower adjusted EBITDA vs prior year.

Pattern Detected

Recent news spans governance disputes, balance sheet restructuring, and strong FY2025 growth. Governance-related headlines saw a positive price reaction, while financial and restructuring updates coincided with modest declines, suggesting mixed alignment between fundamentals and short-term trading.

Recent Company History

Over the last few months, SOL Strategies reported FY2025 revenue of CAD$14.5M (up 36.7% YoY) with growing SOL holdings of 435,159 SOL as of Sept 30, 2025. Subsequent updates highlighted expanded Solana engagement, including 523,134 SOL total SOL exposure and 3,354,203 SOL in assets under delegation, plus an ATM equity program of up to US$50M. The company also restructured and partially converted a credit facility into 2,300,726 new shares. Today’s STKESOL launch continues this pivot toward infrastructure and staking services within the Solana ecosystem.

Market Pulse Summary

The stock moved -9.1% in the session following this news. A negative reaction despite a product laun...

Analysis

The stock moved -9.1% in the session following this news. A negative reaction despite a product launch would fit a pattern where balance sheet and earnings news have not consistently supported the share price. FY2025 revenue grew to CAD$14.5M, but adjusted EBITDA declined to about CAD$4.2M, and an ATM facility of up to US$50M raised dilution concerns. Even if STKESOL expands the staking franchise, investors have previously focused on capital structure and profitability when reassessing valuation.

Key Terms

liquid staking token, defi, spl stake pool program, smart contract, +3 more

7 terms

liquid staking token technical

"announced the launch of STKESOL, a liquid staking token ("LST") that enables holders"

A liquid staking token is a digital asset that represents a stake in a blockchain network's security system, allowing investors to earn rewards for participating in network validation. Unlike traditional staking, which often locks up assets and limits access, these tokens can be freely traded or used in other transactions, providing flexibility and liquidity. This enables investors to earn rewards while still maintaining the ability to access or deploy their funds elsewhere.

defi technical

"receive in exchange a token that is liquid for use across decentralized finance ("DeFi")"

DeFi, short for decentralized finance, is a system of financial services built on blockchain technology that operates without traditional banks or intermediaries. It allows people to borrow, lend, trade, and earn interest directly with each other through digital platforms, much like using a peer-to-peer marketplace. For investors, DeFi offers the potential for greater access, transparency, and control over their financial activities.

spl stake pool program technical

"STKESOL is issued automatically by the SPL Stake Pool Program, a smart contract software"

An SPL stake pool program is a blockchain smart contract that combines many individual users’ staked tokens into a single pooled stake so rewards and management can be handled collectively. Think of it like neighbors pooling money into one savings account managed on autopilot: it simplifies participation, reduces minimum barriers, and spreads reward and validator risk across many holders. For investors, it affects ease of earning staking rewards, liquidity of staked assets, and exposure to validator or smart‑contract risk.

smart contract technical

"Stake Pool Program, a smart contract software program on the Solana blockchain"

A smart contract is a computer program stored on a blockchain that automatically carries out the terms of an agreement when preset conditions are met — like a vending machine that releases a snack when you insert the right coins. For investors, smart contracts matter because they can cut out intermediaries, speed up and lower the cost of transactions, and make outcomes more transparent, but they also introduce technology and regulatory risks that can affect asset value.

validators technical

"Deposited SOL will be staked to one or more validators, as determined by the Company's"

Validators are people or organizations that check and confirm that information, transactions, or claims are accurate and meet required rules or standards. Their approval reduces risk and boosts trust in a company’s reports, deals, or product claims—much like an inspector signing off on a building—so their involvement can affect credibility, regulatory standing and, ultimately, investor confidence in the stock.

proof-of-stake technical

"liquid staking market has emerged as a critical and rapidly expanding segment within proof-of-stake blockchain networks"

A proof-of-stake system is a way a cryptocurrency network decides who can add new records to its shared ledger by selecting participants based on how many tokens they hold and commit as collateral, rather than on who can solve hard math puzzles. For investors this matters because it affects returns and risks — staked tokens can earn steady fees or rewards like interest, while the system’s energy use, speed, and rules for slashing or locking tokens influence value, liquidity, and regulatory scrutiny.

liquid staking technical

"offering a new liquid staking option to customers in the rapidly growing liquid"

Liquid staking is a process that allows investors to earn rewards from their staked assets while still being able to use or access those assets whenever needed. Imagine putting money into a savings account that also lets you spend or invest that money without waiting—liquid staking offers similar flexibility, making it easier for investors to benefit from their holdings without sacrificing liquidity.

AI-generated analysis. Not financial advice.

Over 500,000 SOL staked at launch with integrations to prominent DeFi platforms while expanding Company's Solana infrastructure layer

Toronto, Ontario--(Newsfile Corp. - January 20, 2026) -   SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), one of the first publicly traded companies dedicated to growing and building the Solana Economy, today announced the launch of STKESOL, a liquid staking token ("LST") that enables holders of Solana tokens ("SOL") to stake their SOL holdings in order to earn staking rewards, and receive in exchange a token that is liquid for use across decentralized finance ("DeFi") applications.

The launch of STKESOL represents SOL Strategies' continued evolution within the Solana ecosystem, and the Company believes that STKESOL creates new revenue streams that complement the Company's existing infrastructure operations, which include validator operations and strategic SOL holdings.

At launch, STKESOL will be available on some of Solana's largest DeFi platforms, including Orca, Squads, Kamino and Loopscale with the Company actively looking to expand the distribution further.

STKESOL is issued automatically by the SPL Stake Pool Program, a smart contract software program on the Solana blockchain, in exchange for deposited SOL. Deposited SOL will be staked to one or more validators, as determined by the Company's automated delegation strategy. The SPL Stake Pool Program has been repeatedly audited, and continues to be audited whenever a material change is made, to ensure security and interoperability with all existing DeFi platforms. STKESOL can then be freely traded, sent, or transferred and its value relative to SOL is expected to steadily grow as the staked SOL in the underlying stake pool accrues staking rewards.

"STKESOL demonstrates our ability to build innovative technology that creates value for users and the entire Solana network while generating revenue for our business," said Michael Hubbard, Interim CEO of SOL Strategies. "This product leverages our core strengths and expertise in the Solana staking ecosystem to support dozens of Solana validators while offering a new liquid staking option to customers in the rapidly growing liquid staking market."

"By utilising the tried and tested validator ranking methodology from our validator analytics website, Stakewiz, we are able to support the network while our established compliance platform offers customers comfort that our systems and infrastructure will operate reliably and performantly."

By using an automated delegation strategy, STKESOL takes the SOL in its program and stakes them to dozens of validators, deciding which ones to stake to based on the Wiz Score on the Company's website stakewiz.com. This score in turn captures over a dozen metrics focused on performance, reliability, network health and decentralization.

Unlike single-validator liquid staking solutions or native staking, STKESOL distributes stake across dozens of validators using SOL Strategies' established performance methodology. This approach reduces concentration risk while supporting network decentralization and validator sustainability throughout the Solana ecosystem. The platform earns fees through a transparent structure that includes deposit fees and a percentage of staking rewards generated by the pool. These revenue streams provide diversified income sources that complement SOL Strategies' existing validator operations and treasury holdings.

The Company believes the liquid staking market has emerged as a critical and rapidly expanding segment within proof-of-stake blockchain networks, enabling capital efficiency while maintaining network security. As institutional adoption of Solana continues to accelerate, the Company expects that demand for professional-grade liquid staking solutions will grow. STKESOL's multi-validator approach and enterprise-grade infrastructure is designed to position SOL Strategies to capture market share while contributing to the broader Solana ecosystem's growth and decentralization.

STKESOL's multi-validator distribution model also enables smaller validators throughout the Solana ecosystem to receive delegated stake and participate in network security. This approach strengthens SOL Strategies' position as a key infrastructure provider while supporting broader network decentralization. The platform is accessible through a dedicated interface at app.solstrategies.io, creating a streamlined experience for users seeking professional-grade liquid staking services.

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:
Doug Harris, Chief Financial Officer, 416-480-2488
John Ragozzino, CFA, solstrategies@icrinc.com, 203-682-8284

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 statements regarding STKESOL's anticipated benefits, revenue generation, market positioning, and the Company's technology platform evolution. 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/280540

FAQ

What is STKESOL launched by SOL Strategies (STKE) on January 20, 2026?

STKESOL is a liquid staking token that lets SOL holders stake and receive a tradable token, launched by SOL Strategies on January 20, 2026.

How much SOL was staked at STKESOL launch and where is it available (STKE)?

The launch had over 500,000 SOL staked and STKESOL is available on Orca, Squads, Kamino and Loopscale.

How does STKESOL delegate staked SOL and how does that affect decentralization (STKE)?

STKESOL uses an automated delegation strategy based on the company's Wiz Score to stake across dozens of validators, aiming to reduce concentration risk and support decentralization.

How does SOL Strategies (STKE) generate revenue from STKESOL?

The platform charges deposit fees and takes a percentage of the staking rewards earned by the underlying stake pool.

Where can users access STKESOL services from SOL Strategies (STKE)?

Users can access the liquid staking platform via the dedicated interface at app.solstrategies.io.