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Earnings

SOL Strategies February 2026 Monthly Business Update

By The Northwire Desk — AI Analysis Mar 04, 2026 · 08:31 HODL · 1.72 Sol Strategies Inc.
HODL · Price

Executive Summary

  • SOL Strategies reported FY 1Q 2026 results (quarter ended Dec 31 2025), showing a 120% YoY increase in validator revenue on a SOL basis and strong growth in assets under delegation.
  • The validator network expanded to 33,568 unique wallets; total SOL staked on the STKESOL platform reached 691,039 SOL with 1,034 holders.
  • Governance refresh: two new independent directors appointed and Michael Hubbard confirmed as permanent CEO; annual/general & special shareholder meeting scheduled for March 31 2026.

Key Details

  • Validator Network
  • Unique wallets in February 2026: 33,568 (up from 31,000 on Feb 2).
  • Validator uptime: 99.99% across proprietary validators.
  • Peak APY delivered: 6.47% (Orangefin) vs. network average 6.09%.

  • Net SOL earned in February from proprietary validators: ≈1,276 SOL.

  • STKESOL Liquid Staking Platform

  • Total SOL staked: 691,039 SOL.

  • Unique STKESOL holders: 1,034.

  • Assets Under Delegation (AuD)

  • Total AuD: 3,873,652 SOL (includes treasury stake and third‑party delegation).

  • Company Treasury Holdings

  • Total treasury SOL (including liquid‑staked): 518,139 SOL ≈ CAD $60.1 million (based on SOL/CAD $116.03).

  • Financial Results – FY 1Q 2026

  • Fiscal quarter ended Dec 31 2025; results released Feb 18 2026.
  • Highlighted metrics: staking/validation revenue, SOL holdings, operational performance.

  • Management webcast and conference call provided detailed MD&A (links supplied in release).

  • Management Commentary (Interim CEO Michael Hubbard)

  • Emphasized 120% YoY growth in validator revenue on a SOL basis.

  • Stressed execution across four revenue streams: treasury stake, third‑party delegated stake, liquid staking, institutional staking services (e.g., VanEck).

  • Board Refreshment & Governance Update (Feb 27 2026)

  • Two new independent directors appointed: Laszlo “Les” Borsai and Dennis Logan.
  • Existing board remains five incumbents.

  • Michael Hubbard to become permanent CEO; Steve Ehrlich appointed Chief Strategy Officer.

  • Shareholder Meetings

  • Annual General & Special Shareholder Meeting set for March 31 2026 (AGM notice previously announced Jan 29 2026).

  • Upcoming Investor Events

  • Webull Virtual Conference: March 12 2026 (virtual).

  • Roth Conference: March 22‑24 2026, Laguna Beach, CA.

  • X Spaces Sessions (Feb 2026)

  • Three sessions hosted by CTO Max Kaplan with Solana DeFi teams (Manifest, Orca, Squads). Summaries posted on company blog; next session with Kamino scheduled for March 5 2026.

Notable Quotes

“Validator revenue grew 120% on a SOL basis year‑over‑year, proving our revenue model scales independent of token price.” – Michael Hubbard, Interim CEO

“What matters now is execution… we are focused on capturing the opportunity in front of us.” – Michael Hubbard, Interim CEO

Read the original news release →

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