Toronto, Ontario — March 4, 2026 — Leads & Copy — SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) announced a comprehensive corporate update for February 2026, highlighting growth in its validator network and the performance of its liquid staking platform.
The validator network for SOL Strategies grew to 33,568 unique wallets in February, an increase from the 31,000 wallets reported on February 2. The company attributes this growth to distribution channels including device and mobile integrations, partnerships with third-party wallets, and the STKESOL liquid staking platform.
SOL Strategies released its fiscal first quarter 2026 financial results on February 18, for the quarter ending December 31, 2025. The results emphasized staking and validation revenue, SOL holdings, and operational metrics. Management hosted a live webcast and conference call to review financial and operational performance, provide strategic updates, and address investor questions.
The company’s STKESOL liquid staking platform reported a total of 691,039 SOL staked, with 1,034 unique holders.
Validator network operations included Assets Under Delegation (AuD) of 3,873,652 SOL, which incorporates treasury stake and third-party delegation. The network served 33,568 unique wallets and achieved a validator uptime of 99.99% across all proprietary validators. The peak APY delivered was 6.47% (Orangefin), compared to the network average of 6.09%. Net SOL earned in February from proprietary validators totaled approximately 1,276 SOL.
The company’s treasury holdings include 518,139 SOL, valued at approximately CAD $60,119,668, based on a SOL/CAD rate of $116.03 as published by Kraken at 4:45 PM ET on March 3, 2026.
Interim CEO Michael Hubbard commented on the steady growth across the company’s staking products and the validation of the company’s upward trajectory in the Q1 2026 results. Hubbard noted that validator revenue grew 120% year-over-year on a SOL basis, and the STKESOL platform surpassed 690,000 SOL staked and 1,000 holders in its initial weeks.
Hubbard stated the company has four revenue streams: treasury stake, third party delegated stake, liquid staking, and institutional staking services, such as VanEck.
On February 27, SOL Strategies announced a refreshed board slate to be presented at its Annual General Meeting on March 31, following a cooperation agreement with concerned shareholders Max Kaplan and Tony Guoga. The proposed slate includes two new independent directors, Laszlo “Les” Borsai and Dennis Logan, alongside five incumbent directors. Michael Hubbard will be appointed as permanent Chief Executive Officer and Steve Ehrlich will be appointed as Chief Strategy Officer.
The Annual General and Special Shareholder Meeting will be held on March 31. Details will be provided in the Company’s Management Information Circular prior to the meeting date.
SOL Strategies is participating in the Webull Virtual Conference on March 12 and the Roth Conference in Laguna Beach, CA, from March 22-24.
In February, SOL Strategies hosted three X Spaces discussions led by CTO Max Kaplan, featuring Solana DeFi teams. Summaries are available on the Company’s blog.
SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a Canadian investment company focused on the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications.
A copy of this news release and related documents are available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Source: SOL Strategies Inc.
