SOL Strategies October 2025 Monthly Business Update

Executive Summary

• SOL Strategies deployed proceeds from its CAD $30 M upsized LIFE offering to acquire additional SOL tokens and increase staking positions.
• Completed SOC 1 and SOC 2 Type 2 audits, enhancing institutional‑grade security credentials for its validator services.
• Reported key operational metrics: 526,513 SOL held (~CAD $137 M), 2.82 M SOL delegated, 100% validator uptime, peak APY of 6.68%.

Key Details

• Life Offering Deployment: CAD $30 M raised (closed Oct 1) used to purchase and stake locked SOL at a discount; reinforces treasury accumulation strategy.
• SOC Compliance: SOC 1 and SOC 2 Type 2 certifications achieved on Oct 27, confirming effectiveness of security controls over time.
• Treasury Holdings (as of Oct 31): 526,513 SOL (~CAD $137,009,212). Converted 8,000 SOL to laineSOL for DeFi deployment; remaining SOL staked with Laine validator (estimated yield 8.01% p.a.).
• Validator Revenue: ~787 SOL earned in September (net of voting costs).
• Assets Under Delegation (AUD): 2,816,529 SOL serving 19,403 unique wallets.
• Performance Metrics: 100% validator uptime; peak APY delivered 6.68% (Orangefin) vs. network average 6.45%.
• Strategic Partnerships:
• Netcoins – expands regulated access to validator services in Canada.
• Crypto.com – provides enterprise‑grade validator services to Crypto.com’s institutional custody clients and utilizes Crypto.com Custody for part of the treasury.
• Leadership Update: Michael Hubbard continues as Interim CEO (appointed Oct 1) while a permanent CEO search is underway.
• Investor Events Scheduled:
• Cantor Crypto AI/Energy Infrastructure Conference – Nov 10‑12, Miami Beach (Attendee: Michael Hubbard).
• ClearStreet Disruptive Technology Conference – Nov 19‑20, Palm Beach (Attendee: COO Andrew McDonald).
• New Website Launch: Refreshed site at www.solstrategies.io with improved investor resources and compliance documentation.

Notable Quotes

“October was a month of progress across multiple dimensions of our business. Achieving SOC 2 Type 2 certification demonstrates our unwavering commitment to maintaining the highest standards of security and operational controls, providing a critical requirement for institutional clients.” – Michael Hubbard, Interim CEO

“Our strategic partnership with Netcoins expands SOL Strategies’ presence in the Canadian digital asset market, providing regulated access to validator services for Netcoins’ client base.” – Michael Hubbard, Interim CEO