Press
11 Feb 2025
Sol Strategies Team
Sol Strategies Selected as Staking Provider for North America’s 3iQ Staked Solana ETF
Toronto, Ontario–(Newsfile Corp. – February 11, 2025) – Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) (formerly, Cypherpunk Holdings Inc, “Sol Strategies” or the “Company”) is a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced its selection as staking provider for 3iQ Corp.’s (“3iQ”) Solana Staking ETF (the “Fund”). Sol Strategies’ non-binding Memorandum of Understanding (“MOU”) with 3iQ, a leader in digital asset investment solutions, is a major step forward in expanding institutional adoption of Solana staking.
Pursuant to the MOU, signed February 7, 2025, Sol Strategies agrees to invest the lesser of $15 million or 33.33% of total assets of the Fund on the Fund’s launch date, which must remain invested in the Fund for a minimum of three months.
“Sol Strategies’ institutional-grade infrastructure and proven track record in this ecosystem made them the clear choice,” said Pascal St-Jean, CEO and President at 3iQ. “Their compliance framework and validator performance align perfectly with our commitment to providing regulated, secure digital asset exposure to investors.”
This partnership with 3iQ comes at a time of tremendous momentum for Sol Strategies as it expands its institutional Solana staking. “Being selected as 3iQ’s staking partner validates our infrastructure and demonstrates the growing demand for regulated staking solutions,” said Leah Wald, CEO of Sol Strategies. “This partnership represents a pivotal moment for institutional Solana staking, allowing traditional investors to access staking rewards through a regulated investment vehicle.”
Recent growth highlights include:
Expansion to 1.64M SOL in total delegation across three validators
Increase in SOL holdings to 218,903 SOL, which is staked to the Company’s own validators, generating recurring revenue and further strengthening the Company’s staking capacity
Sol Strategies has successfully deployed two Firedancer validators, enhancing Solana’s performance, security, and decentralization while strengthening its staking operations. In addition, publishing its first technical blog post detailing how to expose the Firedancer interface securely, which anyone can view and watch the validator build blocks in real time. The Company has also upgraded to Jito 2.1, a huge upgrade which has greatly improved the speed of Solana
With $72M CAD in liquidity (as detailed in the latest MD&A, available on Sol Strategies’ Investor Page and SEDAR+), Sol Strategies continues its systematic SOL accumulation and strategic expansion, reinforcing its staking operations and long-term growth
With institutional demand for Solana exposure growing, Sol Strategies continues to solidify its position as the leading publicly traded company focused on Solana, driving innovation and value creation for our shareholders.
About Sol Strategies
Sol Strategies is a publicly traded holding company committed to the continued development of the Solana blockchain and ecosystem through its private equity and financial markets activities. Sol Strategies seeks to leverage investment opportunities in staking rewards and Solana-based projects, allowing shareholders to indirectly participate in decentralized finance. The Company is headquartered in Toronto, Canada, and is publicly listed on the Canadian Securities Exchange under the ticker HODL and on the OTC market under the ticker CYFRF.
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 change report may be obtained under the Company’s SEDAR+ profile at www.sedarplus.ca.
About 3iQ Corp.
Founded in 2012, 3iQ is one of the world’s leading alternative digital asset managers, pioneering institutional-grade investments. 3iQ launched the world’s first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution, offering innovative risk managed investment solutions to gain exposure to digital assets. 3iQ was also the first to launch a Bitcoin ETP listed on a major global stock exchange, the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and offers other regulated ETPs. In 2024, Monex Group, a leading Japanese financial group, took a majority stake in 3iQ. Since 2012, 3iQ has been at the forefront of innovation in digital asset investment management. To learn more about 3iQ, visit 3iq.io.
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. Generally, any statements that are not historical facts may contain forward-looking information and forward-looking information can 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 the company’s future investing plans and staking plans. 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.
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.
Officer/Director Contact:
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488
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416-480-2488
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The information on the website is not intended to modify, qualify, supplement, or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Sol Strategies and should not be used or relied upon for the purpose of making investment decisions concerning any securities of Sol Strategies. If you are considering any investment in the securities of Sol Strategies, you are advised to seek independent professional advice and refer to Sol Strategies’ official disclosure documents which are made available to the public in accordance with applicable securities laws and filed with the Canadian Securities Regulatory Authorities on SEDAR+ under Sol Strategies’ profile at www.sedar.com. Printed copies of public disclosure documents may also be obtained from Sol Strategies, upon request. Sol Strategies assumes no responsibility for errors or omissions in the information or software or other documents which are referenced by or linked to the website. Therefore, the website may include technical or other inaccuracies. This website contains statistical data, market research and industry forecasts that were obtained, unless otherwise indicated, from independent industry and government publications and reports or based on estimates derived from such publications and reports. While Sol Strategies believes this data and information to be reliable, market and industry data and information is subject to variation and cannot be and therefore has not been verified due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Sol Strategies has not participated in the preparation of such information contained herein.
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 advisors (collectively, the “Foundation Parties”) make any representations or warranties, recommendations, endorsements or promises with the 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.
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements on the Website are “forward-looking statements” within the meaning of applicable securities legislation, which reflect Sol Strategies’ expectations regarding, among other things, future growth, supply and demand for its product offerings, any appreciation in the value of its assets, results of operations, performance and business prospects and opportunities. Wherever possible, words or phrases such as “anticipate,” “objective,” “may,” “will,” “might,” “should,” “could,” “can,” “intend,” “expect,” “believe,” “estimate,” “predict,” “potential,” “plan,” “is designed to” or similar expressions suggest future outcomes or the negative thereof or similar variations, have been used to identify forward-looking statements from time to time contained on the Website. Such forward-looking statements reflect Sol Strategies’ current beliefs with respect to future events and are based on information currently available to Sol Strategies. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those risks and uncertainties discussed elsewhere on the Website and in Sol Strategies’ most recently filed annual and interim financial statements and related management’s discussion and analysis (MD&A), management information circular, and other filings on SEDAR+ available under Sol Strategies’ profile at www.sedar.com.
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