SOL Strategies Announces Purchase of 88,433 SOL from LIFE Offering Proceeds

Executive Summary

• SOL Strategies announced the purchase of 88,433 SOL tokens for an average price of US$193.93 per token, funded by proceeds from its recently closed C$30 million LIFE offering.
• The acquisition includes ~79,000 locked SOL tokens bought from the Solana Foundation at a 15% discount; these tokens will fully unlock after twelve months and are immediately staked to generate validator rewards.
• The transaction reflects the company’s “DAT++” strategy of expanding its Solana treasury while leveraging staking infrastructure for near‑term revenue.

Key Details

• Purchase Size: 88,433 SOL tokens total.
• Average Purchase Price: US$193.93 per SOL.
• Funding Source: Proceeds from the closed C$30 million LIFE offering.
• Locked Tokens: Approximately 79,000 locked SOL acquired from the Solana Foundation at a 15% discount to market price.
• Unlock Schedule: Locked tokens will fully unlock after twelve months from acquisition.
• Staking Deployment: All purchased tokens (both locked and spot) are immediately fully staked on the company’s validator nodes to generate staking rewards.
• Strategic Rationale: Expands SOL treasury at attractive valuations; aligns with “DAT++” strategy of combining treasury growth with revenue‑generating validator operations.

Notable Quotes

“This strategic deployment of capital from our LIFE offering demonstrates our commitment to expanding our Solana treasury at attractive valuations,” said Michael Hubbard, Interim CEO of SOL Strategies.
“Acquiring locked SOL at a 15% discount while immediately generating staking rewards through our validator infrastructure exemplifies our DAT++ strategy in action.”