Today we announce our Strategic Ecosystem Reserve, an initiative to identify, invest in and support the most important projects in the Solana Ecosystem, starting with Jito!

Since 2018 we have been pursuing the advancement of blockchain technology in the public markets and for the past year we’ve directed that focus to the most promising blockchain technology in existence today: Solana.

High-performance decentralized ledgers will form the foundations of the next generation of finance, privacy and sovereignty. Through Solana we believe civilization has the best chance at achieving a future that is defined and enabled by such technologies.

We started by putting our money where our mouth is, converting our own treasury to SOL and continuing to buy and hold SOL. We have developed significant validator operations and infrastructure, through our initial SOL Strategies validator and acquisitions of the Cogent, Orangefin and Laine validators. Today we manage over 3.7m SOL in delegations across our proprietary validators and the PENGU validator that we operate on behalf of Pudgy Penguins.

The Staking Economy is the bedrock of Solana and through our infrastructure we continue to provide performant and reliable services on behalf of about 1% of total network stake.

With stakewiz.com we operate a popular validator analytics platform that through its website, image CDN and API collectively service tens of millions of requests per month, while our Orangefin mobile app, available on the Google Play, Apple and Solana Mobile app stores, offers easy onboarding and staking for users worldwide.

Now we expand our focus to the broader ecosystem with the establishment of our Strategic Ecosystem Reserve (SER) and an initial acquisition of 52,181.564 JTO tokens.

This isn’t just about accumulating tokens; it’s about strategically backing the projects that are crucial to Solana’s growth and performance. The SER is designed to align us even more closely with the ecosystem, providing direct support to key infrastructure initiatives. What’s more, this reserve is funded through part of our validator revenue, ensuring we can continue to build these strategic positions while preserving our core SOL treasury and also continuing to accumulate more SOL.

Why Jito?

Our inaugural investment in the Strategic Ecosystem Reserve is the JTO token, the governance token of the Jito Network. Jito stands out as the leading Solana MEV (Maximal Extractable Value) infrastructure and liquid staking provider. In fact our Laine validator was the first ever validator to run Jito on Solana Mainnet-Beta in October 2022 (except for Jito’s own of course).

Jito’s commitment to eradicating harmful MEV, advancing ecosystem performance through its core dev work with Anza and Jump, as well as innovations in stake pool management through Stakenet are some of the reasons we believe in the work this team is doing.

Through our validators we operate Jito-connected versions of both Anza’s Agave and Jump’s Frankendancer software, while we receive stake from the jitoSOL stakepool, to which JTO is the governance token.

“As a technology company focused on building the future of decentralized finance infrastructure, partnerships with foundational providers like Jito align perfectly with our vision. We’re not just investing in tokens — we’re investing in the infrastructure that is driving transaction processing for millions of Solana users while backing a team that is instrumental in driving forward innovation within the ecosystem.” — Leah Wald, CEO of SOL Strategies

What’s Next for the Strategic Ecosystem Reserve?

The SER is a dynamic initiative. We plan to continuously evaluate additional infrastructure and DeFi projects for inclusion, prioritizing those that demonstrate significant ecosystem support and advancement. Our goal is to foster a resilient and high-performing Solana network for all.

About SOL Strategies

SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) 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.

To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company’s related material documents regarding the Company may be obtained under the Company’s SEDAR+ profile at www.sedarplus.ca.

Investor Contact:
John Ragozzino, CFA
[email protected]
203.682.8284

Cautionary Note Regarding Forward-Looking Information:

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company’s or the Company’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company’s business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”.

Forward-looking statements in this news release include statements regarding the establishment and expansion of the SSER, the Company’s strategic partnership opportunities, anticipated benefits from ecosystem investments, and future evaluation of additional infrastructure projects. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.

The purpose of forward-looking information is to provide the reader with a description of management’s expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Disclaimer

SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the “Foundation”), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.

None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.