Torrent Capital Announces Disposition of Its Solana Holdings

Executive Summary

• Torrent Capital Ltd. sold its entire spot position in Solana (SOL) between September 16 and October 16, 2025.
• The tokens were disposed of at an average price of $281 CAD, generating ≈ $12.4 million CAD in gross proceeds and a pre‑tax realized gain of ≈ $1.57 million CAD.
• Post‑sale, the company retains upside exposure to ~5,000 SOL via option contracts and holds the cash proceeds for future investment opportunities.

Key Details

• Disposition period: September 16 – October 16, 2025.
• Average sale price: $281 CAD per SOL token.
• Gross proceeds: Approximately $12.4 million CAD.
• Realized pre‑tax gain: Approximately $1.57 million CAD.
• Remaining exposure: Retains upside through option contracts covering ~5,000 SOL.
• Use of proceeds: Funds placed in cash and cash equivalents to provide flexibility for new investment opportunities aligned with the company’s strategic priorities.
• Strategic rationale: Demonstrates disciplined active‑portfolio management and aims to optimize shareholder value amid shifting capital‑market risk environments.

Notable Quotes

“Our investment in Solana delivered favourable returns in a relatively short period of time,” said Wade Dawe, Chief Executive Officer of Torrent Capital. “Divesting of the position enhances Torrent's cash position and crystallizes gains, better positioning the Company for a shifting risk environment across capital markets.”