Sol's Aug. 31 solana holdings at $111.7-million

Ms. Leah Wald reports SOL STRATEGIES AUGUST MONTHLY BUSINESS UPDATE Sol Strategies Inc. (formerly, Cypherpunk Holdings Inc.) today issued a comprehensive corporate update for the month of August. August, 2025, corporate highlights: Surpassed $1-billion in assets under delegation: On Aug. 25, 2025, Sol Strategies announced that it had surpassed $1-billion in SOL delegated to its validators, representing a major milestone with 3,617,211 SOL under delegation. Record high unique wallets: The company achieved an all-time high of 8,812 unique wallets staking to its validators by month-end, reflecting growing trust and engagement from both retail and institutional delegators in the solana ecosystem. Solana Mobile partnership expansion: The company's white-label validator services continued to gain traction with Solana Mobile's Seeker device launch. In less than 30-days postlaunch, the Solana Mobile validator already attracted over 3,233 unique wallets, representing exceptional early adoption considering most devices had not yet been shipped to the 150,000-plus preorder customers. Technical innovation and network contribution: The company continued its commitment to solana ecosystem development by advancing open-source validator failover technology and supporting upcoming network improvements including SIMD-326 (Alpenglow consensus algorithm) and BAM (block auction marketplace), where Sol Strategies serves as an initial launch partner. Treasury and validator operations update (as of Aug. 31, 2025): Solana holdings: 402,623 SOL ($111.7-million); JitoSol staked holdings: 26,440 JitoSOL ($9-million); Combined SOL holdings: 435,064 SOL ($120.8-million); Assets under delegation (AUD): 3,621,186 SOL; Unique wallets served: 8,812; Validator uptime spotlight: 100-per-cent uptime on Laine for over 18 months; Peak APY delivered: 7.38 per cent (Orangefin); network average: 7.11 per cent. Leah Wald, chief executive officer of Sol Strategies, stated: "Crossing $1-billion in assets under delegation this August represents the kind of growth that validates everything we've been building. With over 8,000 unique wallets now staking with us we're seeing real momentum across every part of our business. Our perfect uptime record and partnerships with institutional leaders like ARK Invest and Solana Mobile demonstrate that when you execute consistently, the market responds. We're building something significant here, and we believe these results show we're on the right trajectory as we prepare for Nasdaq." Q3 2025 earnings Sol Strategies released its financial results for the third quarter ending June 30, 2025, on Tuesday, Aug. 26, 2025. The company hosted a webcast later the same day to review its financial performance and strategic progress. A replay is available at the company's website. About Sol Strategies Inc. Sol Strategies is a Canadian company actively investing in, supporting and providing infrastructure for the solana blockchain ecosystem that operates at the forefront of blockchain innovation. Specializing in the solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications. We seek Safe Harbor.