SOL Strategies March 2026 Monthly Business Update

• SOL Strategies announced Michael Hubbard as permanent CEO (previously interim since Oct 2025) and Steve Ehrlich as Chief Strategy Officer.
• CTO Max Kaplan will resign effective Apr 30 2026; no immediate replacement planned.
• Operational metrics for March 2026: 100% validator uptime, STKESOL platform staked SOL rose to 768,022 (up from 691,039 in Feb), unique holders increased to 1,176; Assets Under Delegation totaled 3,813,468 SOL.
• Treasury holdings: ~533,040 SOL (~CAD $60.85 million).
• Balance (Canada’s largest digital‑asset custodian) integrated SOL Strategies’ validator for its custody clients after evaluating uptime and compliance certifications (ISO 27001, SOC 1 & SOC 2 Type 2).

The leadership appointments were already confirmed at the March 31 AGM; the CTO resignation was disclosed on Mar 17. Operational growth shows continued execution but no material surprise—staked SOL increased ~10% month‑over‑month and treasury value rose modestly with Solana price appreciation. Balance’s integration follows the earlier Mar 11 announcement of validator selection. Consequently, the news is routine, confirming previously disclosed items with incremental positive performance rather than a game‑changing development.

SOL Strategies Inc. operates as a Solana‑focused infrastructure provider. Its core business includes running institutional‑grade validators (Orangefin platform) that earn staking rewards and offer staking services to clients such as custodians, ETFs, and exchanges. The company also launched the STKESOL liquid‑staking token, allowing SOL holders to earn rewards while retaining liquidity for DeFi use. Treasury SOL holdings generate additional yield through staking and provide a balance‑sheet buffer.