Sol Strategies (HODL) investor relations material

Executive summary

• Launched STKESOL, a liquid staking token, marking a major strategic milestone and expanding product offerings in the Solana ecosystem.

• Achieved strong early adoption of STKESOL with over 675,000 SOL staked within weeks of launch.

• Validator network scaled to over 31,000 unique wallets, up 63% from the previous quarter, and assets under delegation grew to 3.3 million SOL.

• Selected as the sole staking provider for the VanEck U.S. spot Solana ETF, validating institutional-grade compliance and performance.

Financial highlights

• Staking income grew 69% year-over-year and 120% on a SOL basis for the quarter ended December 31, 2025.

• Total staking and validation income reached CAD 2.1 million, with 1.6 million from staking rewards and 471,000 from validation services.

• Reported net loss was CAD 11.9 million, compared to net income of CAD 3.2 million in the prior year, mainly due to non-cash and non-recurring items.

• Adjusted loss, after add-backs, was approximately CAD 500,000.

• SOL treasury expanded to 529,000 tokens, and total assets were CAD 132 million at quarter end.

Outlook and guidance

• Focus remains on capital efficiency, expanding institutional partnerships, and pursuing M&A opportunities in the Solana ecosystem.

• Anticipates more ETF launches, institutional custody integrations, and traditional finance firms building on Solana in the next 12 months.

• Strategy is to accelerate growth and capture a larger share of institutional adoption.