Sol Strategies Selected as Staking Provider for North America's 3iQ Staked Solana ETF
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) has been selected as the staking provider for 3iQ Corp.'s Solana Staking ETF, marking a significant advancement in institutional Solana staking adoption. Through a non-binding MOU signed on February 7, 2025, Sol Strategies commits to invest either $15 million or 33.33% of the Fund's total assets at launch, with a minimum three-month investment period.
The company has demonstrated substantial growth with 1.64M SOL in total delegation across three validators and increased SOL holdings to 218,903 SOL. Technical achievements include the deployment of two Firedancer validators and an upgrade to Jito 2.1, enhancing Solana's performance and security. The company maintains strong liquidity of $72M CAD, as reported in their latest MD&A.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) è stata selezionata come fornitore di staking per l'ETF di Staking Solana di 3iQ Corp., segnando un importante passo avanti nell'adozione dello staking Solana da parte delle istituzioni. Attraverso un MOU non vincolante firmato il 7 febbraio 2025, Sol Strategies si impegna a investire 15 milioni di dollari o il 33,33% del totale degli attivi del Fondo al momento del lancio, con un periodo di investimento minimo di tre mesi.
L'azienda ha dimostrato una crescita sostanziale con 1,64M SOL in totale delegato attraverso tre validatori e ha aumentato le sue partecipazioni SOL a 218.903 SOL. I traguardi tecnici includono il dispiegamento di due validatori Firedancer e un'upgrade a Jito 2.1, migliorando le prestazioni e la sicurezza di Solana. L'azienda mantiene una forte liquidità di 72 milioni di dollari CAD, come riportato nel loro ultimo MD&A.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) ha sido seleccionada como proveedor de staking para el ETF de Staking Solana de 3iQ Corp., marcando un avance significativo en la adopción institucional del staking de Solana. A través de un MOU no vinculante firmado el 7 de febrero de 2025, Sol Strategies se compromete a invertir 15 millones de dólares o el 33,33% de los activos totales del Fondo al momento del lanzamiento, con un período mínimo de inversión de tres meses.
La empresa ha demostrado un crecimiento sustancial con 1,64M SOL en delegación total a través de tres validadores y ha aumentado sus tenencias de SOL a 218.903 SOL. Los logros técnicos incluyen el despliegue de dos validadores Firedancer y una actualización a Jito 2.1, mejorando el rendimiento y la seguridad de Solana. La empresa mantiene una fuerte liquidez de 72 millones de dólares CAD, según lo informado en su último MD&A.
솔 전략 (CSE: HODL) (OTCQX: CYFRF)는 3iQ Corp.의 솔라나 스테이킹 ETF의 스테이킹 제공자로 선정되어 기관의 솔라나 스테이킹 채택에 중요한 진전을 이룬 것입니다. 2025년 2월 7일에 체결된 비구속적인 MOU를 통해 솔 전략은 펀드 출범 시 1500만 달러 또는 펀드 총 자산의 33.33%를 투자할 것을 약속하며, 최소 3개월의 투자 기간을 설정합니다.
회사는 세 개의 검증자를 통해 총 1.64M SOL의 위임으로 상당한 성장을 보여주었고, SOL 보유량을 218,903 SOL로 늘렸습니다. 기술적 성과로는 두 개의 파이어 댄서 검증자의 배포와 Jito 2.1 버전 업그레이드가 있으며, 이는 솔라나의 성능과 보안을 향상시킵니다. 회사는 최근 MD&A에서 보고된 바와 같이 7200만 달러 CAD의 강력한 유동성을 유지하고 있습니다.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) a été sélectionnée comme fournisseur de staking pour l'ETF Staking Solana de 3iQ Corp., marquant une avancée significative dans l'adoption du staking Solana par les institutions. Grâce à un MOU non contraignant signé le 7 février 2025, Sol Strategies s'engage à investir soit 15 millions de dollars soit 33,33 % des actifs totaux du Fonds au lancement, avec une période d'investissement minimum de trois mois.
L'entreprise a montré une croissance substantielle avec 1,64M SOL en délégation totale à travers trois validateurs et a augmenté ses avoirs SOL à 218.903 SOL. Les réalisations techniques incluent le déploiement de deux validateurs Firedancer et une mise à jour vers Jito 2.1, améliorant ainsi la performance et la sécurité de Solana. L'entreprise maintient une forte liquidité de 72 millions de dollars CAD, comme indiqué dans son dernier MD&A.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) wurde als Staking-Anbieter für den Solana Staking ETF von 3iQ Corp. ausgewählt, was einen bedeutenden Fortschritt bei der institutionellen Akzeptanz von Solana-Staking darstellt. Durch ein nicht verbindliches MOU, das am 7. Februar 2025 unterzeichnet wurde, verpflichtet sich Sol Strategies, entweder 15 Millionen Dollar oder 33,33 % des Gesamtvermögens des Fonds zum Zeitpunkt des Starts zu investieren, mit einer Mindestinvestitionsdauer von drei Monaten.
Das Unternehmen hat ein signifikantes Wachstum mit 1,64M SOL in der Gesamtdelégation über drei Validatoren gezeigt und die SOL-Bestände auf 218.903 SOL erhöht. Zu den technischen Errungenschaften gehören der Einsatz von zwei Firedancer-Validatoren und ein Upgrade auf Jito 2.1, das die Leistung und Sicherheit von Solana verbessert. Das Unternehmen hält eine starke Liquidität von 72 Millionen CAD, wie in ihrem letzten MD&A berichtet.
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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
"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
SOURCE: Sol Strategies
Media contact: sol@kcsa.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240405
FAQ
What are the key terms of Sol Strategies' (CYFRF) agreement with 3iQ for the Solana Staking ETF?
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How will the 3iQ partnership impact Sol Strategies' (CYFRF) institutional staking operations?
