Mar 04, 2026 (MarketLine via COMTEX) --
SOL Strategies reports its validator network grew to over 33,500 unique wallets and its STKESOL liquid staking platform exceeded 690,000 SOL staked with more than 1,000 holders.
SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), one of the first publicly traded companies dedicated to growing and building the Solana Economy, today announced a comprehensive corporate update for the month of February 2026.
Validator Network: SOL Strategies' validator network grew to 33,568 unique wallets in February, up from the 31,000 wallet milestone announced on February 2. Growth continues to be driven by multiple distribution channels, including device and mobile integrations, third-party wallet partnerships, and the Company's STKESOL liquid staking platform.
Quarterly Results: On February 18, 2026, SOL Strategies released its fiscal first quarter 2026 financial results for the quarter ended December 31, 2025, highlighting staking and validation revenue, SOL holdings, and operational metrics for the period. Management hosted a live webcast and conference call to review financial and operational performance, provide updates on strategic initiatives, and address investor questions.
STKESOL Liquid Staking Platform:
Total SOL Staked in STKESOL: 691,039 SOL
Unique STKESOL Holders: 1,034
Validator Network Operations:
Assets Under Delegation (AuD): 3,873,652 SOL (including treasury stake and third-party delegation)
Unique Wallets Served: 33,568
Validator Uptime: 99.99% across all proprietary validators
Peak APY Delivered: 6.47% (Orangefin) vs. 6.09% network average
Net SOL earned in February from proprietary validators: ~1,276 SOL
Company Treasury Holdings:
Total Treasury SOL (including liquid staked SOL): 518,139 SOL (~ CAD $60,119,668*)
*Based on a SOL/CAD rate of $116.03 as published by Kraken at 4:45 PM ET on March 3, 2026
Management Commentary: Michael Hubbard, Interim CEO of SOL Strategies, stated: "In February we continued to deliver steady growth across our suite of staking products on key metrics, including Assets under Delegation and Unique Wallets. Our Q1 2026 results further validated our upward trajectory over the past year. Validator revenue grew 120% on a SOL basis year-over-year, proving our revenue model scales independent of token price. STKESOL crossing 690,000 SOL staked and 1,000 holders in its first weeks shows we built something the market actually wants, adding another pillar to our staking business."
"What matters now is execution. We have four revenue streams operating simultaneously: treasury stake, third party delegated stake, liquid staking, and institutional staking services, such as VanEck. The infrastructure thesis is playing out, and we're focused on capturing the opportunity in front of us."
Board Refreshment and Governance Update: On February 27, 2026, SOL Strategies announced a refreshed board slate to be presented at its Annual General Meeting on March 31, 2026, following a cooperation agreement with concerned shareholders Max Kaplan and Tony Guoga. The proposed slate includes two new independent directors, Laszlo "Les" Borsai and Dennis Logan, alongside five incumbent directors. The Company also announced that Michael Hubbard will be appointed as permanent Chief Executive Officer and Steve Ehrlich will be appointed as Chief Strategy Officer. The resolution reflects collaborative dialogue aimed at strengthening governance while maintaining operational focus on validator infrastructure and staking operations.
Upcoming Annual General and Special Shareholder Meeting: As announced on January 29, 2026, The Company will hold its annual general and special meeting of shareholders on March 31, 2026. Further details, including proposals for shareholder consideration and voting instructions, will be provided in the Company's Management Information Circular prior to the meeting date.
Upcoming Investor Events
Event: Webull Virtual Conference
Date: March 12, 2026
Location: Virtual
Event: Roth Conference
Date: March 22-24, 2026
Location: Laguna Beach, CA
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
COMTEX_478619966/2227/2026-05-06T03:54:20
Copyright (C) 2026 Datamonitor. All rights reserved
