SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF), a Canadian investment firm specializing in the Solana blockchain ecosystem, has released its June 2025 corporate update, showcasing significant milestones including record-high Solana staking volumes and strategic regulatory filings for a potential Nasdaq listing.
Key Financial and Operational Highlights
Treasury and Validator Performance (June 30, 2025)
- Total SOL Holdings: 392,667 SOL (~$82.6M CAD), predominantly staked
- jitoSOL Staked Assets: 26,440 tokens (~$6.7M CAD)
- Total Assets Under Delegation: 3,745,116 SOL (4.5% monthly growth)
- Unique Wallets Served: 5,520 (up from 5,441 in May)
- Validator Uptime: 100% (Laine validator)
- Peak APY: 7.88% (vs. network average of 7.45%)
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Strategic Corporate Developments
1. Form 40-F Filing with the SEC
On June 19, SOL Strategies filed a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission (SEC), a critical step toward its proposed Nasdaq listing under the ticker "STKE." The company maintains its CSE listing as "HODL."
2. Annual Shareholder Meeting Outcomes
Shareholders approved a share price consolidation, aligning with Nasdaq’s minimum listing requirements and reinforcing the company’s U.S. market expansion strategy.
3. Strategic Ecosystem Reserve (SER) Launch
SOL Strategies established its SER with an initial acquisition of 52,181 JTO tokens (~$154,000 CAD), aimed at supporting Solana’s core infrastructure projects. The reserve is funded through validator revenues and will expand to include other ecosystem-critical initiatives.
Technology Advancements
Orangefin Mobile Staking App
- Partnered with MoonPay to streamline fiat-to-SOL conversions.
- Integrated Ledger hardware wallet support.
- Added multilingual support for global accessibility.
Leadership Insights
Leah Wald, CEO of SOL Strategies:
"Our 40-F filing bridges traditional finance with Solana’s infrastructure. June’s progress—from regulatory compliance to product enhancements—reflects our commitment to scaling Solana’s foundational technologies."
About SOL Strategies
SOL Strategies Inc. is a Canadian investment firm focused on the Solana ecosystem, providing infrastructure solutions for decentralized applications.
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FAQ Section
Q1: What is the significance of the Form 40-F filing?
A: The filing is a regulatory prerequisite for SOL Strategies’ potential Nasdaq listing, enhancing access to U.S. capital markets.
Q2: How does the Strategic Ecosystem Reserve work?
A: The SER allocates validator revenues to support high-impact Solana projects, starting with JTO tokens.
Q3: What are the benefits of staking with Orangefin?
A: Users gain access to competitive APYs (up to 7.88%), Ledger integration, and MoonPay’s fiat on-ramp.
Disclaimer: SOL Strategies operates independently of the Solana Foundation. Forward-looking statements are subject to market risks.
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