Press

10 Oct 2024

Sol Strategies Team

Sol Strategies Boosts SOL Holdings

Toronto, Ontario--(Newsfile Corp. - October 10, 2024)

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) (formerly, Cypherpunk Holdings Inc., “Sol Strategies” or the “Company“), a publicly traded, Canadian holding company committed to the continued development of the Solana blockchain and ecosystem through its investments, today announced that it has acquired 4,341.80 SOL at an average price of CAD $191.77 per SOL. As a result of the acquisition, the Company now holds a total of 105,249.82 SOL. SOL is the native cryptocurrency of the Solana blockchain. The Company intends to utilize the newly acquired SOL for staking within the Solana blockchain.

Leah Wald, CEO of Sol Strategies, commented: “With the successful recovery from FTX’s bankruptcy proceedings, we’ve strategically increased our SOL holdings and enhanced our staking operations. This allocation strengthens our position in the Solana ecosystem and allows us to continue delivering value to our shareholders through efficient management of our digital asset portfolio.”

About Sol Strategies

Sol Strategies is a publicly traded holding company committed to the continued development of the Solana blockchain and ecosystem through its private equity and financial markets activities. Sol Strategies seeks to take advantage of a range of investment opportunities through staking rewards and investments in Solana-based projects and infrastructure, allowing shareholders to indirectly participate in decentralized finance without the complexities of managing cryptocurrencies. The Company is headquartered in Toronto, Canada, and is publicly listed on the Canadian Securities Exchange under the ticker HODL and on the OTC market under the ticker CYFRF.

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

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. Generally, any statements that are not historical facts may contain forward-looking information and forward-looking information can 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 company’s future investing plans and staking plans. 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.

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.

Officer/Director Contact:
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488

SOURCE: Sol Strategies

Media contact: solstrategies@mgroupsc.com

SOURCE: Sol Strategies Inc.

Related news

CONTACT US

217 Queen Street West #401
Toronto ON M5V 0R2

416-480-2488
info@solstrategies.io

INFO

FOLLOW US

© Copyright . All rights reserved

Terms OF USE PRIVACY CUSTODY

Legal Disclaimer

The information on the website is not intended to modify, qualify, supplement, or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Sol Strategies and should not be used or relied upon for the purpose of making investment decisions concerning any securities of Sol Strategies. If you are considering any investment in the securities of Sol Strategies, you are advised to seek independent professional advice and refer to Sol Strategies’ official disclosure documents which are made available to the public in accordance with applicable securities laws and filed with the Canadian Securities Regulatory Authorities on SEDAR+ under Sol Strategies’ profile at www.sedar.com. Printed copies of public disclosure documents may also be obtained from Sol Strategies, upon request. Sol Strategies assumes no responsibility for errors or omissions in the information or software or other documents which are referenced by or linked to the website. Therefore, the website may include technical or other inaccuracies. This website contains statistical data, market research and industry forecasts that were obtained, unless otherwise indicated, from independent industry and government publications and reports or based on estimates derived from such publications and reports. While Sol Strategies believes this data and information to be reliable, market and industry data and information is subject to variation and cannot be and therefore has not been verified due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Sol Strategies has not participated in the preparation of such information contained herein.
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 advisors (collectively, the “Foundation Parties”) make any representations or warranties, recommendations, endorsements or promises with the 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.
 
Stock Quotes

All stock quotes and historical stock price data provided on the Website are provided by third party service providers and are provided for informational purposes only and are not intended for trading purposes. If you are contemplating trading in the securities of Sol Strategies, we strongly advise you to seek independent professional advice before making any investment decision. Sol Strategies makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.
 
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements on the Website are “forward-looking statements” within the meaning of applicable securities legislation, which reflect Sol Strategies’ expectations regarding, among other things, future growth, supply and demand for its product offerings, any appreciation in the value of its assets, results of operations, performance and business prospects and opportunities. Wherever possible, words or phrases such as “anticipate,” “objective,” “may,” “will,” “might,” “should,” “could,” “can,” “intend,” “expect,” “believe,” “estimate,” “predict,” “potential,” “plan,” “is designed to” or similar expressions suggest future outcomes or the negative thereof or similar variations, have been used to identify forward-looking statements from time to time contained on the Website. Such forward-looking statements reflect Sol Strategies’ current beliefs with respect to future events and are based on information currently available to Sol Strategies. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those risks and uncertainties discussed elsewhere on the Website and in Sol Strategies’ most recently filed annual and interim financial statements and related management’s discussion and analysis (MD&A), management information circular, and other filings on SEDAR+ available under Sol Strategies’ profile at www.sedar.com.