SOL Strategies December 2025 Monthly Business Update

Executive Summary

• SOL Strategies provided a detailed operational and financial update for December 2025, highlighting strong validator performance (99.999% uptime) and significant treasury holdings (~523k SOL).
• The company announced the restructuring and repayment of its credit facility with major shareholder Tony Guoga, simplifying its balance sheet.
• An at‑the‑market equity offering program was launched, authorizing up to US$50 million of common shares to fund treasury growth, potential M&A, and working capital needs.

Key Details

• Operational Metrics (as of Jan 6 2026):
• Total SOL holdings: 523,134 SOL (~CAD 101.5 M).
• SOL Holdings (non‑staked): 426,619 SOL.
• JitoSOL Holdings: 77,043 JitoSOL (≈96,515 SOL).
• Validator revenue earned in Dec 2025: ~925 SOL (net of voting costs).
• Assets Under Delegation: 3,354,203 SOL.
• Unique wallets served: 26,908.
• Validator uptime: 99.999% across proprietary validators.

• Peak APY delivered: 6.63% vs. network average 6.28%.

• Balance Sheet Optimization:

• On Dec 31 2025 the company announced terms to restructure and fully repay its credit facility with Tony Guoga, reducing outstanding liabilities.

• Financing – At‑the‑Market Equity Offering Program:

• Underwriters: Cantor Fitzgerald & Co., Cantor Fitzgerald Canada Corp., Roth Capital Partners, LLC.
• Facility size: Up to US$50 million of common shares.

• Intended use of proceeds: Treasury growth, potential acquisitions, and tactical working capital where accretive to shareholders.

• Investor Relations Activities:

• Audited FY 2025 financial statements released in Dec 2025; webcast and conference call held Jan 6 2026.
• Participation in Solana Breakpoint and co‑hosting of Block Zero validator summit.
• Upcoming investor events: Roth Conference (Mar 22‑24 2026, Laguna Beach, CA) and Canaccord Digital Asset Event (Feb 4 2026, London, UK).

Notable Quotes

• Michael Hubbard, Interim CEO: “December provided valuable perspective on the Solana ecosystem’s momentum… The balance sheet restructuring with Mr. Guoga reflects his continued confidence in our infrastructure business while optimizing our capital structure.”