SOL Strategies Surpasses 31,000 Unique Wallets and 4 Million Sol in Assets Under Delegation

Rhea-AI Summary

SOL Strategies (NASDAQ: STKE) reported milestone validator network growth: over 31,000 unique wallet addresses delegating stake and more than 4 million SOL in assets under delegation as of February 1, 2026. This represents 105% growth in unique wallets and 45% growth in AuD versus September 2025.

The company serves institutional clients, white-label partners and retail users via Orangefin, Solana Mobile integrations and the STKESOL liquid staking platform, while operating SOC 2 Type 2 and ISO 27001 certified infrastructure.

Positive

• Unique wallets +105% since September 2025
• Assets under delegation +45% to over 4 million SOL
• Certified infrastructure with SOC 2 Type 2 and ISO 27001

Negative

• Reported AuD includes company-owned treasury stake, reducing pure third-party delegation share

News Market Reaction

-4.82%

5 alerts

-4.82% News Effect

-3.8% Trough in 5 min

-$2M Valuation Impact

$44M Market Cap

0.2x Rel. Volume

On the day this news was published, STKE declined 4.82%, reflecting a moderate negative market reaction. Argus tracked a trough of -3.8% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $44M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Unique wallets: 31,000+ wallets Assets under delegation: 4,000,000+ SOL Wallet growth: 105% +5 more

8 metrics

Unique wallets 31,000+ wallets Validator network wallets delegating stake as of February 1, 2026

Assets under delegation 4,000,000+ SOL SOL staked on SOL Strategies’ validator network

Wallet growth 105% Growth in unique wallets since September 2025

AuD growth 45% Growth in assets under delegation since September 2025

Prior wallets 15,132 wallets Unique wallets served in September 2025

Prior AuD 2.76 million SOL Assets under delegation in September 2025

SOC 2 Type 2 SOC 2 Type 2 Certification for institutional-grade validator infrastructure

ISO 27001 ISO 27001 Security certification applied across validator operations

Market Reality Check

Price: $1.47 Vol: Volume 126,242 is below t...

low vol

$1.47 Last Close

Volume Volume 126,242 is below the 20-day average of 292,033 (relative volume 0.43x). low

Technical Price 1.66 is trading below the 200-day MA at 3.23, well under the 52-week high of 13.6364 and modestly above the 52-week low of 1.5.

Peers on Argus

STKE gained 5.73% while close peers were mixed: FLD -11.01%, BTCS -11.11%, MATH ...

STKE gained 5.73% while close peers were mixed: FLD -11.01%, BTCS -11.11%, MATH +3.05%, SIEB +2.41%, NCTY +0.32%. This pattern points to stock-specific rather than broad sector momentum.

Historical Context

5 past events · Latest: Jan 29 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	Shareholder meeting call	Negative	-8.2%	Announcement of AGM including requisition seeking reconstitution of the board.
Jan 20	Product launch	Positive	-9.1%	Launch of STKESOL liquid staking platform with over 500,000 SOL at inception.
Jan 08	Governance dispute	Negative	+1.4%	Concerned shareholders requisition special meeting citing serious board failures.
Jan 08	Ownership change	Neutral	+1.4%	Early warning report on stake increase via debt settlement and termination agreement.
Jan 08	Operational update	Positive	+1.4%	December 2025 business update with validator, treasury metrics and new ATM program.

Pattern Detected

Recent news often saw limited or negative price reactions, even to seemingly constructive operational and product updates.

Recent Company History

Over the past month, SOL Strategies reported several notable developments. A December 2025 business update highlighted validator uptime of 99.999%, 3,354,203 SOL in assets under delegation, and 26,908 unique wallets, alongside a new US$50 million ATM program. An early warning report detailed a major shareholder increasing ownership to 19.7%. The company then launched its STKESOL liquid staking platform with over 500,000 SOL at launch. Governance tensions emerged via concerned shareholders and a board-focused meeting requisition. Today’s wallet and delegation growth update builds on this operational and ecosystem expansion narrative.

Market Pulse Summary

This announcement underscores continued scaling of SOL Strategies’ validator operations, with more t...

Analysis

This announcement underscores continued scaling of SOL Strategies’ validator operations, with more than 31,000 unique wallets and over 4 million SOL in assets under delegation, up from 15,132 wallets and 2.76 million SOL in September 2025. It builds on December’s operational update and the STKESOL launch, while emphasizing certifications such as SOC 2 Type 2 and ISO 27001. Investors may monitor further growth in delegation, institutional partnerships, and governance developments around the upcoming shareholder meeting.

Key Terms

validator network, assets under delegation, solana, validator infrastructure, +4 more

8 terms

validator network technical

"wallet addresses delegating stake across its validator network and over 4 million SOL"

A validator network is a group of independent computers or participants that check and record transactions on a digital ledger, using agreed rules to decide which entries are valid. Think of them as a team of referees who confirm plays and keep the official score; their integrity, speed and decentralization determine how secure, fast and reliable the system is. Investors care because the makeup and incentives of the validator network affect transaction finality, security risks, token rewards and governance influence.

assets under delegation financial

"and 45% growth in assets under delegation (AuD) from September 2025"

Assets under delegation are investments or financial holdings that an investor has entrusted to a professional manager or firm to handle on their behalf. This arrangement allows the investor to benefit from expert management without actively overseeing the assets themselves, similar to hiring a trusted advisor to manage your investments. It matters because it influences how the assets are managed, risks are handled, and potential returns are generated.

solana technical

"participants in the Solana network. This milestone reflects 105% growth"

Solana is a blockchain platform and its native digital token (SOL) that records and secures fast, low-cost transactions and runs apps without a central company—think of it as a public, high-speed ledger that handles lots of small tasks quickly. Investors care about Solana because the token’s price tends to reflect how much the network is used, how reliable and secure it is, and shifts in broader crypto markets and regulation, so outages, adoption or rule changes can move its value.

validator infrastructure technical

"The Company operates validator infrastructure for over 31,000 distinct wallet"

Validator infrastructure is the network of computers and systems that verify and confirm transactions or data within a digital system, such as a blockchain. It functions like a group of trusted judges who ensure everything is accurate and legitimate before it becomes part of the official record. For investors, this infrastructure is crucial because it underpins the security, reliability, and integrity of the digital environment they are investing in.

liquid staking technical

"and the recently launched STKESOL liquid staking platform."

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.

soc 2 type 2 technical

"infrastructure maintaining SOC 2 Type 2 and ISO 27001 certifications"

SOC 2 Type 2 is an independent audit that verifies a service provider’s operational controls for security, availability, processing integrity, confidentiality and privacy over a sustained period. Think of it as a multi-week inspection that checks not just that security measures exist but that they actually work day to day; for investors, a clean SOC 2 Type 2 report lowers the risk of data breaches, downtime and regulatory problems and signals stronger operational reliability.

iso 27001 technical

"SOC 2 Type 2 and ISO 27001 certifications and compliance standards across"

ISO 27001 is an internationally recognized standard that sets out the best practices for managing and protecting sensitive information within an organization. It acts like a security blueprint, helping companies ensure data is kept safe from theft, loss, or damage. For investors, organizations with ISO 27001 certification demonstrate a strong commitment to information security, reducing the risk of data breaches that could impact business stability and reputation.

etf financial

"serve major institutional clients including ETF providers while remaining"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

AI-generated analysis. Not financial advice.

Continued Validator network growth highlights increased institutional and retail confidence in Solana infrastructure operations

Toronto, Ontario--(Newsfile Corp. - February 2, 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 it has surpassed 31,000 unique wallet addresses delegating stake across its validator network and over 4 million SOL staked on its validator network.

As of February 1, 2026, the Company operates validator infrastructure for over 31,000 distinct wallet addresses, representing individual participants in the Solana network. This milestone reflects 105% growth in unique wallets and 45% growth in assets under delegation (AuD) from September 2025, when the Company served 15,132 wallets with 2.76 million SOL in AuD.

The Company's scalable validator infrastructure serves institutional clients, white-label partners, and individual retail participants. The 31,000-wallet milestone demonstrates growing retail adoption alongside institutional validator partnerships and includes both Company-owned treasury stake and third-party delegation.

Growth in unique wallet addresses reflects adoption through multiple distribution channels. The Solana Mobile partnership, which integrates validator services into device-native wallet functionality, contributed to retail wallet expansion following the Seeker device launch. Individual participants can also delegate through the Company's Orangefin mobile application, any third-party wallet, and the recently launched STKESOL liquid staking platform.

The Company operates the same institutional-grade infrastructure maintaining SOC 2 Type 2 and ISO 27001 certifications and compliance standards across all delegations, serving both billion-dollar institutional clients and individual retail wallets through unified validator operations.

Michael Hubbard, Interim CEO of SOL Strategies, stated: "Reaching 31,000 unique wallets and over 4 million SOL in assets under delegation reflects the accessibility and reliability of our validator infrastructure. Our operations serve major institutional clients including ETF providers while remaining accessible to individual participants through mobile applications and device integrations. This broad adoption demonstrates that participants across all wallet sizes seek institutional-grade validator performance and compliance standards."

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 continued growth in validator delegation, expected validator performance, and the Company's strategic positioning within the Solana ecosystem. 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/282332

FAQ

How many wallets were delegating to SOL Strategies (STKE) as of February 1, 2026?

The company reported over 31,000 unique wallet addresses delegating to its validator network. According to the company, this figure reflects participants across retail, institutional partners, and company treasury delegations.

What is the amount of SOL in assets under delegation for STKE on February 1, 2026?

STKE reported more than 4 million SOL in assets under delegation as of February 1, 2026. According to the company, this total includes third-party delegations and the company's own treasury stake.

How much growth did SOL Strategies (STKE) report since September 2025?

The company reported 105% growth in unique wallets and 45% growth in assets under delegation since September 2025. According to the company, September 2025 comparatives were 15,132 wallets and 2.76 million SOL AuD.

Which products and partnerships helped STKE expand retail delegations in 2026?

Retail expansion came via the Orangefin mobile app, Solana Mobile device integration, and the STKESOL liquid staking platform. According to the company, the Solana Mobile Seeker device and integrations boosted wallet adoption.

What compliance standards does SOL Strategies (STKE) maintain for its validator infrastructure?

SOL Strategies operates institutional-grade infrastructure with SOC 2 Type 2 and ISO 27001 certifications. According to the company, these standards apply across delegations for institutional and retail participants.