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Production / Operations

SOL Strategies November 2025 Monthly Business Update

By The Northwire Desk — AI Analysis Dec 04, 2025 · 12:54 HODL · 3.69 Sol Strategies Inc.
HODL · Price

Executive Summary

  • SOL Strategies was selected as the staking provider for the VanEck Solana ETF, a high‑profile institutional product.
  • The company restructured CAD $4 million of its credit facility via a DeFi loan (jitoSOL collateral) and repaid an additional CAD $3 million in October, improving balance‑sheet economics.
  • Treasury holdings now total 526,637 SOL (~CAD 103 M) with 100% validator uptime and a peak APY of 6.72%, underscoring strong operational performance.

Key Details

  • Staking Provider Selection: On November 17, 2025 SOL Strategies’ Orangefin validator was chosen to stake for the VanEck Solana ETF; validator holds ISO 27001 and SOC 1/2 Type 2 certifications.
  • Industry Engagements: Participation in Cantor Crypto Conference and Clear Street Disruptive Technology Conference during November 2025.
  • Debt Repayment & Restructuring:
  • CAD $3 million repayment of credit facility to former Chairman Tony Guoga (October 2025).
  • Additional CAD $4 million restructured in November via a DeFi loan secured by jitoSOL through Kamino Finance, reducing borrowing costs while retaining staking rewards.
  • Treasury as of Nov 30, 2025:
  • Total SOL (incl. liquid‑staked): 526,637 SOL (~CAD 103,157,656).
  • SOL Holdings: 463,888 SOL.
  • jitoSOL Holdings: 48,080 JitoSOL (≈59,900 SOL).
  • laineSOL Holdings: 2,226 LaineSOL (≈2,850 SOL).
  • SOL earned in October from proprietary validators: ~621 SOL (net of voting costs).
  • Validator Metrics:
  • Assets Under Delegation (AuD): 3,144,835 SOL.
  • Unique wallets served: 22,727.
  • Validator uptime: 100% across all proprietary validators.
  • Peak APY delivered by Orangefin: 6.72% vs. network average 6.34%.
  • Additional Staking Participation: SOL Strategies participates in the Canary Marinade Solana ETF via the Marinade Select program.
  • Upcoming Investor Events:
  • WeBull Digital Asset Treasury Webinar – Dec 17, 2025 (virtual).
  • ICR Conference 2026 – Jan 12‑14, 2026 in Orlando, FL.

Notable Quotes

“November represented a significant validation of our institutional infrastructure capabilities. Our selection as a staking provider for the VanEck Solana ETF demonstrates operational excellence and compliance rigor we've built across our validator network.” – Michael Hubbard, Interim CEO, SOL Strategies.

Read the original news release →

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