Michael Hubbard, Chief Strategy Officer and Board Member, Appointed as Interim CEO of SOL Strategies
SOL Strategies (NASDAQ: STKE) announced a significant leadership transition as CEO Leah Wald steps down from her position effective October 1st, 2025, and immediately from her Director role. Michael Hubbard, the company's Chief Strategy Officer and Director, has been appointed as Interim CEO while an executive search is conducted.
Hubbard brings valuable experience as the founder of Laine, a Solana validator that achieved over 5.5 million SOL in delegations before being acquired by SOL Strategies. The company, which recently cross-listed on NASDAQ, has evolved into an infrastructure provider for the Solana blockchain ecosystem under Wald's leadership, developing the Solana treasury model and DAT++ model.
SOL Strategies (NASDAQ: STKE) ha annunciato una significativa transizione di leadership: la CEO Leah Wald si DIMETTE dalla carica con effetto dal 1° ottobre 2025 e, immediatamente, dal ruolo di Direttrice. Michael Hubbard, Chief Strategy Officer e Direttore dell’azienda, è stato nominato CEO ad interim mentre procede la ricerca di un nuovo executive. Hubbard porta con sé una preziosa esperienza, in quanto fondatore di Laine, un validator Solana che ha raggiunto oltre 5,5 milioni di SOL in deleghe prima di essere acquisito da SOL Strategies. L’azienda, recentemente quotata anche sul NASDAQ, si è evoluta in fornitore di infrastrutture per l’ecosistema della blockchain Solana sotto la guida di Wald, sviluppando il modello di tesoreria di Solana e il modello DAT++.
SOL Strategies (NASDAQ: STKE) anunció una significativa transición de liderazgo: la CEO Leah Wald dimite de su cargo con efecto a partir del 1 de octubre de 2025 y, de inmediato, de su puesto de Directora. Michael Hubbard, Chief Strategy Officer y Director de la empresa, ha sido designado como Interim CEO mientras se lleva a cabo la búsqueda de un nuevo ejecutivo. Hubbard aporta una valiosa experiencia como fundador de Laine, un validador de Solana que logró más de 5,5 millones de SOL en delegaciones antes de ser adquirido por SOL Strategies. La compañía, que recientemente cotizó en NASDAQ, se ha convertido en un proveedor de infraestructura para el ecosistema de blockchain de Solana bajo la dirección de Wald, desarrollando el modelo de tesorería de Solana y el modelo DAT++.
SOL Strategies (NASDAQ: STKE)는 리더십에 중대한 전환을 발표했습니다. CEO Leah Wald가 2025년 10월 1일부터 직무를 사임하고 이사회 이사직에서도 즉시 물러납니다. Michael Hubbard, 회사의 최고전략책임자(CSO) 겸 이사,가 임시 CEO로 임명되어 임원 채용이 진행될 예정입니다. Hubbard는 Laine의 창립자로서 소라나(Solana) 검증자이며, SOL Strategies에 인수되기 전에 위임(l)로 5.5백만 SOL 이상을 달성한 경력을 가지고 있습니다. 최근 NASDAQ에 상장한 이 회사는 Wald의 리더십 하에 솔라나 블록체인 에코시스템의 인프라 제공자로 발전했으며, 솔라나 재무 모델과 DAT++ 모델을 개발하고 있습니다.
SOL Strategies (NASDAQ: STKE) a annoncé une transition majeure de leadership, la PDG Leah Wald se retirant de son poste à effet au 1er octobre 2025 et démissionnant immédiatement de son mandat de Directrice. Michael Hubbard, Chief Strategy Officer et Directeur de l’entreprise, a été nommé PDG par intérim tandis qu’une recherche de dirigeant est lancée. Hubbard apporte une expérience précieuse en tant que fondateur de Laine, un validateur Solana qui a atteint plus de 5,5 millions de SOL en délégations avant d’être acquis par SOL Strategies. L’entreprise, qui s’est récemment introduite sur le NASDAQ, est devenue un fournisseur d’infrastructures pour l’écosystème de la blockchain Solana sous la direction de Wald, en développant le modèle de trésorerie Solana et le modèle DAT++.
SOL Strategies (NASDAQ: STKE) hat einen bedeutenden Führungswechsel angekündigt, da CEO Leah Wald von ihrem Amt zum 1. Oktober 2025 zurücktritt und gleichzeitig von ihrem Direktorenamt. Michael Hubbard, der Chief Strategy Officer des Unternehmens und Director, wurde zum Interim-CEO ernannt, während eine Nachbesetzung gesucht wird. Hubbard bringt wertvolle Erfahrungen mit, da er Gründer von Laine ist, einem Solana-Validator, der vor seiner Übernahme durch SOL Strategies Delegationen von über 5,5 Millionen SOL erreicht hat. Das Unternehmen, das kürzlich auch an der NASDAQ kotiert ist, hat sich unter Walds Führung zu einem Infrastruktur-Anbieter für das Solana-Blockchain-Ökosystem entwickelt und betreibt das Solana-Tresor- sowie das DAT++-Modell.
SOL Strategies (NASDAQ: STKE) أعلنت عن انتقال قيادي هام حيث تتنحى الرئيسة التنفيذية ليه وود عن منصبها اعتباراً من 1 أكتوبر 2025، وبشكل فوري من دورها كعضو مجلس الإدارة. Michael Hubbard، مدير استراتيجية الشركة وعضو المجلس، تم تعيينه كرئيس تنفيذي مؤقت بينما تُجرى عملية بحث عن مدير تنفيذي. يجلب هبرد خبرة قيمة كونه المؤسس لـ Laine، مُحقّق Solana الذي حقق أكثر من 5.5 ملايين SOL من التفويضات قبل أن يتم الاستحواذ عليه من قبل SOL Strategies. الشركة، التي تم إدراجها حديثاً في NASDAQ، تطورت إلى مزوّد بنية تحتية لبيئة Solana blockchain تحت قيادة وود، مطوّرة نموذج الخزانة Solana ونموذج DAT++.
SOL Strategies (NASDAQ: STKE) 宣布了重要的领导层变动：首席执行官 Leah Wald 将于 2025 年 10 月 1 日起辞去其职务，并立即从董事会成员中辞职。Michael Hubbard，公司的首席战略官兼董事，被任命为临时首席执行官，直至完成高层招聘。Hubbard 具备宝贵经验，作为 Laine 的创始人，Laine 是一个 Solana 验证者，在被 SOL Strategies 收购前，其委任量已超过 550 万 SOL。该公司最近也在纳斯达克上市，在 Wald 的领导下，已经发展成为 Solana 区块链生态系统的基础设施提供商，开发了 Solana 的财政模型和 DAT++ 模型。
- Appointment of experienced Solana ecosystem veteran Michael Hubbard as Interim CEO
- Recent successful NASDAQ cross-listing achievement
- Strong leadership team remains in place with CTO, CFO, and COO
- Previous success of Interim CEO's venture (Laine) with 5.5M SOL delegated
- Unexpected CEO departure creates leadership uncertainty
- External executive search indicates lack of immediate permanent successor
Leah Wald Steps Down from Board and CEO Role After Completing Corporate Transformation
Toronto, Ontario--(Newsfile Corp. - September 22, 2025) - SOL Strategies Inc. (NASDAQ: STKE) (CSE: HODL) ("SOL Strategies" or the "Company"), a publicly traded Canadian company focused on investing in and providing infrastructure for the Solana blockchain ecosystem, today announced that Leah Wald, Director and Chief Executive Officer ("CEO") will be stepping down as Director effective immediately and as CEO effective October 1st, 2025. The Company has appointed its Chief Strategy Officer and Director, Michael Hubbard, as Interim CEO while an executive search mandate led by an external firm is underway.
Mr. Hubbard brings several years of experience operating infrastructure on the Solana blockchain, having founded a Solana validator, Laine, in 2021 and having grown it to a peak of over 5.5m SOL delegated before it was acquired by the Company earlier this year.
"Michael's deep knowledge of the Solana ecosystem, prior experience founding a successful software services company, and novel ideas for the future of the Company, including tokenizing our stock on-chain, are going to be strong assets as we pursue the continued growth of our business as a blockchain infrastructure provider to institutions. We wish to thank Ms. Wald for her leadership during a critical phase in our Company's evolution," said Luis Berruga, Chairman.
This transition caps a pivotal year for SOL Strategies, where the Company cross-listed to NASDAQ, developed the Solana treasury model and evolved into a sophisticated infrastructure provider with an ecosystem-focused business model.
"It has been a thrilling year as Cypherpunk Holdings became SOL Strategies and developed the Solana treasury model," said Mr. Hubbard. "With our multiple validators, recent Nasdaq cross-listing and our deep and experienced leadership team of Max Kaplan, Chief Technology Officer, Doug Harris, Chief Financial Officer and Andrew McDonald, Chief Operating Officer we are well positioned to continue to create shareholder value and deliver on our mission of providing institutional staking services while furthering our treasury goals as part of the DAT++ model."
About SOL Strategies
SOL Strategies Inc 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 may be obtained under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Investor Contact:
John Ragozzino, CFA
solstrategies@icrinc.com
203-682-8284
Company Contact:
Andrew McDonald
Chief Operating Officer
andrew@solstrategies.io
Tel: 437-562-3714
Media Contact: solstrategies@scrib3.co
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" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information"). A statement other than statements of historical fact may be forward-looking information. More particularly and without limitation, this news release contains forward-looking information relating to tokenizing the Company's stock on-chain, the future growth of the Company as a blockchain infrastructure provider to institutions, the Company's ability to create shareholder value and deliver on its mission of providing institutional staking services while furthering its treasury goals as part of the DAT++ model, and 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". There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at al.
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 information is 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 information 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 information.
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, or agents 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.
SOURCE: SOL Strategies Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267374
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