Sol Strategies holds 396,717 solana as at July 31

Ms. Leah Wald reports SOL STRATEGIES MONTHLY UPDATE Sol Strategies Inc. (formerly Cypherpunk Holdings Inc.) has issued a comprehensive corporate update for the month of July and has released the date of its third quarter 2025 earnings webcast. July, 2025, corporate highlights: Board approval of share consolidation: On July 23, 2025, Sol Strategies announced that, in July, 2025, the board of directors approved a one-for-eight share consolidation to support the company's planned listing on Nasdaq and ensure compliance with the exchange's minimum share price requirements -- an important milestone in the company's strategy to broaden access to U.S. capital markets. The Nasdaq listing remains subject to Nasdaq approval and standard regulatory conditions. Ark Investment chooses Sol Strategies as staking provider: On July 28, 2025, Sol Strategies announced that Ark Invest's Digital Asset Revolutions Fund selected Sol Strategies as its staking provider. This is a major milestone for the company in working with one of the most prestigious exchange-traded-fund asset management companies in the United States. Validator revenue up 15.4 per cent in SOL terms month over month: Validator operations generated 15 per cent higher revenues in SOL terms compared with June, reflecting both network activity growth and operational efficiency improvements with a gross margin of approximately 90 per cent. Validator operations update: The company also continued to expand its core validator operations and achieved its highest levels of delegated Solana on its validators, as well as continued advancements in its infrastructure management, including the release of its open-source validator failover technology for community use as part of continuing efforts to support broader ecosystem efforts. Treasury and validator operations update (as of July 31, 2025): SOL holdings: 396,717 SOL ($91.4-million); JitoSol staked holdings: 26,440 JTO ($7.4-million); Combined SOL holdings: 428,995 SOL ($98.8-million); Assets under delegation (AUD): 3,551,797 SOL; Unique wallets served: 5,537; Validator uptime spotlight: 100-per-cent uptime on Laine for over 500 days; Peak APY delivered: 7.704 per cent (Orangefin); network average: 7.41 per cent. Leah Wald, chief executive officer of Sol Strategies, stated: "July demonstrated our ability to execute on multiple strategic initiatives simultaneously. The board's approval of a share consolidation advances us towards our anticipated Nasdaq listing under the new ticker symbol STKE while Ark Invest's selection of Sol Strategies as their exclusive staking partner validates our leading performance, reliability and institutional-grade validator infrastructure. With 15-per-cent growth in validator revenues and continued 100-per-cent uptime, we're building the operational foundation for our next phase of growth." Coming earnings webcast Sol Strategies will release its financial results for the third quarter ended June 30, 2025, on Tuesday, Aug. 26, 2025. The company will host a webcast later that day to review its financial performance and strategic progress. Event:  Sol Strategies fiscal year third quarter 2025 earnings webcast Webcast date:  Tuesday, Aug. 26, 2025, at 4:30 p.m. Eastern Standard Time Ms. Wald, chief financial officer Doug Harris and chief technology officer Max Kaplan will host the live webcast to review the results and provide updates on recent milestones, validator operations and the company's path to Nasdaq. A replay will be available shortly after the event. About Sol Strategies Inc. Sol Strategies is a Canadian investment company 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.