Sol Strategies, Inc.

Sol Strategies, Inc.

CYFRF
Sol Strategies, Inc.US flagOther OTC
9.13
USD
+3.43
- -
203.12MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
0.01
0.02
0.01
0.01
-0.06
0.5
1.09
Basic EPS, GAAP
-2.85
-0.62
-0.26
-0.27
7.6
-0.13
0.07
-0.26
-0.01
-0.07
0.02
-0.32
0.35
-0.22
Free Cash Flow per Basic Share
-0.47
-0.42
-0.24
-0.18
7.9
6.47
0.03
-0.23
-0.04
-0.15
-0.09
-0.47
-0.05
-0.85
Dividend per Share
- -
- -
- -
- -
- -
6.82
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.68
-1.08
-1.2
-0.77
7.16
-0.37
-0.29
-0.55
-0.52
0.25
0.32
-0.03
0.37
2.2
Tangible Book Value per Share
0.88
0.36
0.13
0.18
7.93
0.63
0.74
0.48
0.59
1.61
1.14
0.86
1.43
1.67
Basic Weighted Avg Shares
8
9
9
10
11
11
11
11
11
17
20
20
19
19
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
9
21
Operating Margin (%)
- -
-15,276
-10,000
-68,625
- -
- -
- -
-2,151.49
-240.51
-1,553.12
-1,895.07
586.84
84.42
6.24
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
7
Net Income, GAAP
-22
-5
-2
-3
81
-1
1
-3
- -
-1
- -
-6
7
-4
Effective Tax Rate (%)
- -
- -
- -
- -
1.15
- -
- -
- -
- -
- -
54.81
- -
19.34
26.5
Profit Margin (%)
- -
-21,116
-10,120.83
-66,650
- -
- -
- -
-2,125.67
-93.06
-998.18
171.76
553.66
70.27
-20.6
Working Capital
7
3
1
2
84
7
4
4
- -
- -
18
2
- -
-17
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
39
Total Equity
7
3
1
2
84
7
8
5
7
28
24
17
27
102
Return on Invested Capital (%)
- -
- -
- -
- -
-16.83
- -
- -
- -
- -
- -
-6.79
- -
28.39
- -
Return on Capital (%)
- -
- -
- -
- -
236.27
- -
- -
- -
- -
- -
6.14
- -
211.74
276.75
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.84
- -
- -
-18.52

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'25
ST Debt
4
16
16
LT Borrowings
- -
15
39
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
20
22
Market Capitalization
56
40
49

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'25
Total Current Assets
1
2
3
Cash, Cash Equivalents & STI
1
2
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
10
21
20
Payables & Accruals
1
1
2
ST Debt
4
16
16
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
501.68%
71.01%
58.81%
Free Cash Flow
-526.83%
134.57%
-90.74%
Net Income, GAAP
-548.65%
-329.22%
-205.18%
Sales/Revenue/Turnover
- -
-300.27%
-928.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-1
- -
- -
- -
-1
2024
- -
-1
-1
10
9
2025
6
3
3
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.07
-0.01
-0.11
- -
-0.32
2024
0.14
-0.01
-0.08
- -
0.35
2025
0.18
-0.26
-0.4
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Leah Kathrine Wald
Full Time Employees
3
Sector
Financial Services
Industry
Financial - Capital Markets
Address
217 Queen Street West Toronto ON Canada M5V 0R2
IPO Date
Jan 8, 2021
Business
Sol Strategies Inc. (CSE: HODL, OTCQX: CYFRF) operates as North America's only publicly traded pure-play Solana enterprise, providing institutional-grade validator infrastructure, staking operations, and digital asset treasury solutions for the Solana blockchain ecosystem; core offerings include enterprise validators such as Laine, Cogent Crypto, Orangefin Ventures, and proprietary nodes that secure network transactions and generate staking rewards with over 99.95% uptime and above-average APY; white-label validator services for partners like Pudgy Penguins and BitGo; proprietary tools including real-time yield calculators, staking dashboards, and the Orangefin mobile staking app; strategic SOL holdings exceeding 500,000 tokens for delegation and revenue generation; and investments in Solana-based projects and infrastructure. The company, founded in 2002 and headquartered at 217 Queen Street West, Toronto, Ontario, Canada, targets institutional and retail investors seeking exposure to Solana without direct asset management complexities, while operating globally through its validator network supporting 24/7 decentralized trading, instant payments, and tokenized financial products. Recent developments include the September 2024 rebranding from Cypherpunk Holdings to emphasize Solana focus with validator node operations; CAD $35 million acquisition of Laine validator network, Stakewiz.com, and three additional validators in March 2025, boosting staked SOL to over 3.3 million and appointing Michael Hubbard as Chief Strategy Officer; USD $500 million convertible note facility with ATW Partners announced April 2025, with initial USD $20 million tranche deployed for 122,524 SOL purchases; white-label partnerships with Pudgy Penguins in February 2025 and BitGo; OTCQX market upgrade in January 2025; and NASDAQ Global Select Market listing approval in September 2025, alongside ongoing SOL options trading and Firedancer testing.

Company News

APIChat
  • Cypherpunk Technologies Reports First Quarter 2026 Financial Results

  • Cypherpunk Increases its Zcash Stake, Launches New Website and Investor Dashboard

  • Cypherpunk Reports Full Year 2025 Financial Results

  • Cypherpunk Makes $5M Investment into Zcash Open Development Lab (ZODL)

  • Cypherpunk Adds Arjun Khemani as Strategic Advisor

  • Josh Swihart, ECC CEO, Joins Cypherpunk as Strategic Advisor

  • Cypherpunk Technologies Inc. (CYPH) Leap Therapeutics, Inc. - Shareholder/Analyst Call Prepared Remarks Transcript

  • Cypherpunk Technologies (formerly Leap Therapeutics) Reports Third Quarter 2025 Financial Results

  • Leap Therapeutics Rebrands as Cypherpunk; Expands Leadership Team to Drive New Zcash Treasury Strategy

  • NASDAQ Approves SOL Strategies Global Select Market Listing

  • Sol Strategies Monthly Update

  • NASDAQ Listing Moves Forward as SOL Strategies Sets Record Date for Stock Consolidation

  • SOL Strategies to Be Featured in Exclusive Cantor Fireside Chat

  • ARK Invest's Digital Asset Revolutions Fund Selects SOL Strategies as Its New Solana Staking Provider

  • NASDAQ Listing Moves Forward as SOL Strategies Board Approves Stock Consolidation

  • SOL Strategies Announces Strategic Board Transition and Leadership Appointments

  • Sol Strategies Monthly Update Highlighting Record Solana Staked and 40F Filing with SEC as Strategic Step Towards Nasdaq Listing

  • CEO.CA's Inside the Boardroom: 3.5M Solana Tokens Under Management - Sol Strategies CTO on Validator Revenue Model

  • SOL Strategies Files Form 40-F Registration Statement with the SEC

  • Sol Strategies: Q2 Progress Doesn't Change The Core Risks