SOL Strategies Inc., a Canadian company focused on the Solana blockchain ecosystem, has provided a significant corporate update for June 2025. The company reported substantial growth in its staking operations and made notable progress toward a potential Nasdaq listing.
Key Corporate Developments
The company achieved a major milestone by filing a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission (SEC). This filing represents a crucial step in SOL Strategies' application to list on the Nasdaq Stock Market under the symbol "STKE" while maintaining its existing listing on the Canadian Securities Exchange under "HODL".
Shareholders approved a share price consolidation during the Annual Shareholder Meeting held on June 19, 2025. This corporate action represents a necessary step toward meeting Nasdaq's minimum listing requirements and advancing the company's strategy in U.S. capital markets.
Treasury and Staking Performance Highlights
As of June 30, 2025, SOL Strategies reported impressive treasury metrics:
- SOL Holdings: 392,667 SOL
- jitoSOL Staked Holdings: 26,440 (valued at approximately 32,060 SOL)
- Total combined SOL holdings valued at millions of Canadian dollars
- SOL Assets Under Delegation reached a record 3,745,116 SOL, up from 3,581,656 at the end of May
- Unique wallets served increased to 5,520 from 5,441 in the previous month
- The company maintained strong validator performance with excellent uptime metrics
The company calculates its SOL to Canadian dollar conversions based on established exchange rates from major trading platforms.
Strategic Ecosystem Development
SOL Strategies established a Strategic Ecosystem Reserve (SER) with an initial acquisition of over 52,000 JTO tokens. This reserve demonstrates the company's ongoing support for the Solana ecosystem and its focus on backing teams with proven track records in advancing Solana's core infrastructure.
Funded from validator revenue, the SER will gradually expand to include other key projects that contribute to Solana's success while the company maintains its core focus on growing its treasury and validator operations.
Technology Advancements
June saw continued development of the Orangefin mobile staking application, with several key enhancements:
- New partnership with MoonPay to streamline the fiat-to-SOL conversion experience
- Integration with Ledger hardware devices for enhanced security
- Additional language integrations to expand global accessibility
- Peak APY delivery exceeded network averages
These developments demonstrate the company's commitment to improving user experience and expanding access to Solana staking services worldwide.
Leadership Perspective
Leah Wald, CEO of SOL Strategies, commented on the company's progress: "Filing our 40-F with the SEC represents more than just a regulatory milestone—it's a foundational step in our mission to bridge traditional finance with Solana's proven infrastructure. While June's focus remained on completing this critical filing, we maintained momentum across our operations, enhancing Orangefin's global accessibility."
Wald emphasized the company's commitment to supporting the foundational infrastructure that drives Solana's growth, noting that these initiatives align with their broader strategy of making Solana ecosystem investments more accessible to institutional participants.
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Forward-Looking Strategy
The company continues to position itself as an institutional gateway to the Solana ecosystem, leveraging its expertise in validator operations and strategic investments. The potential Nasdaq listing would represent a significant advancement in bringing blockchain-based investment opportunities to traditional capital markets.
SOL Strategies maintains its focus on three core pillars: growing its treasury through strategic staking operations, developing accessible technology solutions for Solana participation, and making strategic investments in ecosystem projects with strong fundamentals.
Frequently Asked Questions
What is SOL Strategies' primary business focus?
SOL Strategies operates as an investment company specializing in the Solana blockchain ecosystem. The company provides infrastructure solutions and makes strategic investments to support decentralized applications built on Solana while offering staking services to institutional and individual participants.
How does the Nasdaq listing process benefit investors?
A Nasdaq listing would provide greater visibility, increased liquidity, and enhanced credibility in traditional financial markets. It represents a bridge between blockchain-based investments and conventional capital markets, potentially attracting a broader investor base and improving regulatory clarity for participants.
What does the record SOL staking volume indicate?
The increasing SOL assets under delegation demonstrate growing confidence in the company's validator operations and the broader Solana ecosystem. This growth suggests expanding adoption of staking services and reflects the company's successful execution of its business strategy.
How does the Strategic Ecosystem Reserve work?
The SER functions as a dedicated fund for supporting promising projects within the Solana ecosystem. Funded through validator revenue, it allows the company to strategically invest in teams and technologies that advance Solana's core infrastructure while maintaining focus on their primary treasury growth objectives.
What security measures protect staked assets?
The company employs enterprise-grade security protocols including hardware wallet integrations, multi-signature arrangements, and comprehensive monitoring systems. Their partnership with Ledger provides additional security layers for asset protection, ensuring industry-standard safeguards for all staked SOL.
How can investors track the company's performance?
Investors can monitor the company's progress through regular corporate updates, regulatory filings, and performance metrics published through official channels. The company provides transparent reporting on staking performance, treasury growth, and strategic developments across their communication platforms.