Sol Strategies Appoints Luis Berruga to Board of Directors
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) has appointed Luis Berruga, Founder and Managing Partner of LBS Capital, to its Board of Directors. Berruga brings over 20 years of expertise in global ETF markets and traditional finance to support the company's development of an institutional Solana Staking platform.
During his 10-year tenure at Global X ETFs, Berruga served in multiple executive roles, including CEO and chairman, where he oversaw the growth of assets under management from $2bn in 2014 to $45bn in the US and $80bn globally by 2023. At LBS Capital, he currently leads a boutique investment firm specializing in ETFs and corporate governance.
The appointment expands Sol Strategies' Board to six members, strengthening the company's governance structure as it pursues its mission to create a leading institutional Solana staking platform through technology solutions and strategic partnerships.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) ha nominato Luis Berruga, Fondatore e Managing Partner di LBS Capital, nel suo Consiglio di Amministrazione. Berruga porta oltre 20 anni di esperienza nei mercati ETF globali e nella finanza tradizionale per supportare lo sviluppo di una piattaforma di staking Solana istituzionale.
Durante il suo mandato di 10 anni in Global X ETFs, Berruga ha ricoperto diversi ruoli esecutivi, tra cui CEO e presidente, dove ha supervisionato la crescita degli asset in gestione da 2 miliardi di dollari nel 2014 a 45 miliardi negli Stati Uniti e 80 miliardi a livello globale entro il 2023. Presso LBS Capital, attualmente guida una boutique di investimenti specializzata in ETF e governance aziendale.
La nomina amplia il Consiglio di Sol Strategies a sei membri, rafforzando la struttura di governance dell'azienda mentre persegue la sua missione di creare una piattaforma di staking Solana istituzionale di riferimento attraverso soluzioni tecnologiche e partnership strategiche.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) ha nombrado a Luis Berruga, Fundador y Socio Director de LBS Capital, en su Junta Directiva. Berruga aporta más de 20 años de experiencia en los mercados ETF globales y en finanzas tradicionales para apoyar el desarrollo de una plataforma de staking Solana institucional.
Durante su mandato de 10 años en Global X ETFs, Berruga ocupó múltiples roles ejecutivos, incluyendo CEO y presidente, donde supervisó el crecimiento de los activos bajo gestión de 2 mil millones de dólares en 2014 a 45 mil millones en EE. UU. y 80 mil millones a nivel mundial para 2023. En LBS Capital, actualmente dirige una firma de inversión boutique especializada en ETFs y gobernanza corporativa.
La nominación amplía la Junta de Sol Strategies a seis miembros, fortaleciendo la estructura de gobernanza de la empresa mientras persigue su misión de crear una plataforma de staking Solana institucional líder a través de soluciones tecnológicas y asociaciones estratégicas.
솔 전략 (CSE: HODL) (OTCQX: CYFRF)는 루이스 베루가를 LBS 캐피탈의 창립자이자 관리 파트너로 이사회의 멤버로 임명했습니다. 베루가는 글로벌 ETF 시장과 전통 금융에서 20년 이상의 경험을 바탕으로 기관용 솔라나 스테이킹 플랫폼 개발을 지원합니다.
글로벌 X ETF에서 10년 동안 근무하는 동안 베루가는 CEO와 의장을 포함한 여러 임원직을 맡아 2014년 20억 달러에서 2023년까지 미국에서 450억 달러, 전 세계적으로 800억 달러로 자산 규모의 성장을 감독했습니다. 현재 LBS 캐피탈에서 그는 ETF 및 기업 거버넌스를 전문으로 하는 부티크 투자 회사를 이끌고 있습니다.
이번 임명으로 솔 전략의 이사회는 6명으로 확대되어, 기술 솔루션과 전략적 파트너십을 통해 선도적인 기관 솔라나 스테이킹 플랫폼을 구축하려는 회사의 거버넌스 구조를 강화합니다.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) a nommé Luis Berruga, Fondateur et Associé Directeur de LBS Capital, au sein de son Conseil d'Administration. Berruga apporte plus de 20 ans d'expertise dans les marchés ETF mondiaux et la finance traditionnelle pour soutenir le développement d'une plateforme de staking Solana institutionnelle.
Au cours de son mandat de 10 ans chez Global X ETFs, Berruga a occupé plusieurs postes exécutifs, y compris celui de PDG et de président, où il a supervisé la croissance des actifs sous gestion, passant de 2 milliards de dollars en 2014 à 45 milliards aux États-Unis et 80 milliards à l'échelle mondiale d'ici 2023. Chez LBS Capital, il dirige actuellement une société d'investissement boutique spécialisée dans les ETF et la gouvernance d'entreprise.
Cette nomination élargit le Conseil de Sol Strategies à six membres, renforçant la structure de gouvernance de l'entreprise alors qu'elle poursuit sa mission de créer une plateforme de staking Solana institutionnelle de premier plan grâce à des solutions technologiques et des partenariats stratégiques.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) hat Luis Berruga, Gründer und geschäftsführender Partner von LBS Capital, in seinen Vorstand berufen. Berruga bringt über 20 Jahre Erfahrung in den globalen ETF-Märkten und der traditionellen Finanzwelt mit, um die Entwicklung einer institutionellen Solana-Staking-Plattform zu unterstützen.
Während seiner 10-jährigen Tätigkeit bei Global X ETFs hatte Berruga mehrere Führungspositionen inne, darunter CEO und Vorsitzender, wo er das Wachstum der verwalteten Vermögenswerte von 2 Milliarden Dollar im Jahr 2014 auf 45 Milliarden Dollar in den USA und 80 Milliarden Dollar weltweit bis 2023 überwachte. Bei LBS Capital leitet er derzeit eine Boutique-Investmentgesellschaft, die sich auf ETFs und Unternehmensgovernance spezialisiert hat.
Die Ernennung erweitert den Vorstand von Sol Strategies auf sechs Mitglieder und stärkt die Governance-Struktur des Unternehmens, während es seine Mission verfolgt, eine führende institutionelle Solana-Staking-Plattform durch technologische Lösungen und strategische Partnerschaften zu schaffen.
- Board strengthened with seasoned ETF executive having managed $80bn AUM
- Strategic addition brings institutional finance expertise and relationships
- Expansion of board to 6 members improves corporate governance
- None.
Berruga's two decades of traditional finance and ETF expertise and leadership will bolster Sol Strategies' mission to develop the premier institutional Solana Staking platform
Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) (formerly, Cypherpunk Holdings Inc, "Sol Strategies" or the "Company"), a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced the appointment of Luis Berruga, Founder and Managing Partner of LBS Capital, to its Board of Directors. With over 20 years of expertise and leadership in global ETF markets and traditional finance, Berruga's extensive experience in ETF's and asset management is expected to provide critical insights and business development opportunities as Sol Strategies continues its growth trajectory and advances the development of its institutional Solana Staking platform.
"We are honored to welcome Luis to our Board of Directors," said Sol Strategies CEO Leah Wald. "Mr. Berruga's deep expertise in global asset management and institutional asset management will bring invaluable guidance as we continue to execute our strategic growth plans. From entrepreneurial achievements at LBS Capital, where he advises leaders in the wealth and asset management industry, to his leadership at Global X ETF's, Luis has demonstrated a remarkable ability to drive sustainable growth while advancing innovative investment product solutions. His contributions and deep rolodex of relationships will play a vital role as we scale our operations and accelerate the development of the world's premier institutional grade staking platform for the Solana ecosystem."
During his 10-year tenure at Global X ETFs, Berruga held several senior executive roles, including CEO and chairman of the board of the company's global operations, Board Member of Global X Funds, President and Chief Operating Officer, and Chief Financial Officer. In these capacities, he led operations and oversaw, designed, managed and successfully implemented all aspects of the infrastructure buildout necessary to support a fast-growing ETF business that rapidly increased assets under management from
"It is a privilege to join Sol Strategies' Board of Directors and contribute to its groundbreaking work in developing technology and infrastructure for the rapidly growing Solana Ecosystem," said Berruga. "Throughout my career, I've been passionate about the global asset management business, and Sol Strategies' innovative staking platform represents a critical advancement in the institutional adoption of digital assets. I look forward to supporting the company's efforts to scale its business through its innovative technology solutions and strategic partnerships and acquisition strategy."
Berruga's appointment increases Sol Strategies' Board of Directors to six members, reinforcing the Company's commitment to strong governance and diverse leadership. His extensive expertise in traditional asset management and deep relationships with global business leaders aligns closely with Sol Strategies' vision to create a leading institutional Solana staking platform through a combination of proprietary technology solutions and strategic partnerships and acquisitions.
About Sol Strategies
Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.
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 may be obtained under the Company's SEDAR+ profile at www.sedarplus.ca.
Investor Contact
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488
Media Contact: sol@kcsa.com
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. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also 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 appointment of Mr. Berruga. 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.
The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. 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.
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