Sol Strategies Purchases 12,456 SOL, Increases Total SOL Holdings by CAD $3.6 Million to 226,798 SOL

Rhea-AI Summary

Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) has expanded its Solana blockchain investment portfolio by purchasing an additional 12,456 SOL between February 7-14, 2025, for approximately CAD $3.59 million at an average price of CAD $288.48 per SOL.

Following this acquisition, the company's total SOL holdings reached 226,798 SOL, representing a total investment of approximately CAD $59.2 million at an average purchase price of CAD $260.94 per SOL. Based on the February 14, 2025 closing price of USD $199.94 per SOL, the company's SOL holdings were valued at CAD $64.2 million.

Positive

• Portfolio value increased to CAD $64.2 million from CAD $59.2 million investment, showing unrealized gains
• Strategic accumulation of additional 12,456 SOL demonstrates continued execution of growth strategy
• Company maintains strong position in Solana ecosystem with 226,798 SOL holdings

Negative

• High concentration risk in single cryptocurrency asset (SOL)
• Significant exposure to crypto market volatility

Toronto, Ontario--(Newsfile Corp. - February 18, 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, has made additional strategic purchases of SOL as part of its ongoing growth initiatives.

Between February 7, 2025, and February 14, 2025, the Company completed the purchase of an additional 12,456 new SOL for approximately CAD $3,593,400, at an average price of CAD $288.48 per SOL, inclusive of fees and expenses.

As of February 14, 2025, Sol Strategies and its subsidiaries held an aggregate of approximately 226,798 SOL, acquired at a total purchase price of approximately CAD $59.2 million with an average purchase price of approximately CAD $260.94 per SOL, inclusive of fees and expenses, with a value of CAD $64.2 million based on the closing price of USD $199.94 per SOL on February 14, 2025.

The Canadian dollar (CAD) amounts in this news release are based on cryptocurrency price rates from Coinbase and Bank of Canada foreign exchange rates on February 14, 2025.

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.

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 purchase of Solana and its intended impact on the Company. 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 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
SOURCE: Sol Strategies

Media Contact: sol@kcsa.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241283

FAQ

How many SOL tokens did Sol Strategies (CYFRF) purchase in February 2025?

Sol Strategies purchased 12,456 SOL tokens between February 7-14, 2025, at an average price of CAD $288.48 per SOL.

What is the total value of Sol Strategies' (CYFRF) SOL holdings as of February 14, 2025?

Sol Strategies' SOL holdings were valued at CAD $64.2 million based on the February 14, 2025 closing price of USD $199.94 per SOL.

What is the average purchase price of Sol Strategies' (CYFRF) total SOL holdings?

The average purchase price of Sol Strategies' total SOL holdings is CAD $260.94 per SOL, inclusive of fees and expenses.

How many total SOL tokens does Sol Strategies (CYFRF) hold as of February 2025?

As of February 14, 2025, Sol Strategies holds a total of 226,798 SOL tokens.