STKE · NASDAQ · Financial - Conglomerates

SOL Strategies (STKE)

Operates Solana validators alongside a SOL-focused digital-asset treasury.

$1.67
After hours+0.06 (+3.73%)
At close$1.61(+4.55%)
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Sol Strategies Inc. Common SharesSTKE
Financial sector

Holds SOL as a core balance-sheet asset while operating validators and developing staking tools. The business was remade from Cypherpunk Holdings in 2024 around the Solana ecosystem, with acquisitions extending its validator platform.

Holds SOL as a core balance-sheet asset while operating validators and developing staking tools with compliance frameworks. The business remade itself from Cypherpunk Holdings in 2024 around the Solana ecosystem.

Validator acquisitions expanded the platform to a portfolio centered on Solana, including Laine and Stakewiz.com. The company also invests in the Solana ecosystem and participates strategically in decentralized finance.

Operations are based in Toronto, while shares trade on Nasdaq and the CSE. Its model depends on the Solana ecosystem, secure validator operation, staking activity, and the value of SOL held on its balance sheet.

Company facts

CEOMichael Hubbard
ListedSep 9, 2025
ExchangeNASDAQ
HeadquartersToronto, ON
CountryCanada
Employees3
CIK0001846839
ISINCA83411A2056

Market cap$39.3M
EPS (ttm)−$3.32
P/E (ttm)−0.4639
ROE-215.3%
P/B1.64
P/S
Dividend yieldDiv yield
Beta3.31vs XLF 0.04

No analyst consensus on record.

Next report
Dec 2, 26
in 71 days
EPS estimate
−$0.02
Revenue estimate
$3.5M
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Dec '25Feb '26May '26Aug '26Dec '26
Reported$0.16−$0.17−$0.04−$0.80−$0.31−$1.78−$0.34Pending
Estimate−$0.24−$0.15−$0.20−$0.15−$0.11−$0.02
Surprise+84.4%−433.3%−53.6%−1,076.2%−226.7%

RevenueReportedEstimate

Mar '25May '25Aug '25Dec '25Feb '26May '26Aug '26Dec '26
Reported$1.7M$1.7M$1.8M$2.7M−$3.0M−$10.4M$1.3MPending
Estimate$2.1M$2.9M$2.4M$1.2M$774.4K$3.5M
Surprise−10.7%−7.3%−224.2%−952.9%+63.6%
Estimate−$0.02
ReportedDue Dec 2, 2026
Estimate$3.5M
ReportedDue Dec 2, 2026
View details

Debt to equity140.00%
Current ratio10.90%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$0$0$0$213.6K$0$0−$10.3M$1.3M
Net income$3.9M$2.3M−$3.4M−$5.8M−$18.0M−$8.4M−$64.1M−$12.5M
Net margin0.0%0.0%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$5.0M$3.1M−$4.3M−$5.8M−$24.9M−$8.4M−$55.0M−$11.7M
YoY growthLoss widenedTurned lossTurned lossLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $1.3M · Total debt $33.5M · Total assets $68.8M · Shareholders' equity $23.9M

Revenue
$1.3M
Operating income
−$11.7M
Net income
−$12.5M

Reported in CAD, converted at the latest exchange rate

View details

No dividends on record.

Institutions5.53%1.41M shares
29 holders · as of Jun 30, 2026
Insiders14.16%3.61M shares
1 holder · as of Nov 10, 2025
Other80.31%20.50M shares
remainder

25.52M company shares as of Sep 19, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Guoga AntanasInsider
14.16%3.61Mfiled Nov 10, 2025
J. Derek Lewis & Associates Inc.Institution
1.49%381,280as of Jun 30, 2026
Key Client Fiduciary Advisors, LLCInstitution
1.40%356,387as of Jun 30, 2026
Mmcap International Inc. SPCInstitution
0.93%236,154as of Jun 30, 2026
UBS Group AGInstitution
0.41%105,288as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Forward Industries

    Large Solana treasury with validator-led staking and liquid staking

  • DeFi Development

    SOL treasury, owned validators, delegated staking and dfdvSOL

  • Upexi

    Solana treasury that stakes holdings through institutional validators

  • Galaxy Digital

    Institutional Solana validator stack and GalaxyOne staking platform

CompareAfter hours

CompanyPriceChange
SOL Strategies$1.67+3.73%$39.3M−31.0%
Forward Industries$8.77+2.10%$602.6M41.911.3+332.1%
DeFi Development$6.32+0.72%$196.1M13.0+66.9%
Upexi$1.26+0.80%$92.5M3.7−4.6%
Galaxy Digital$27.00−0.59%$8.65B0.1−3.8%
Median41.97.5+31.5%