SOL Strategies Anchors Itself in Solana’s Future

SOL Strategies (Nasdaq: STKE, CSE: HODL), the first publicly listed Solana treasury, is redefining what it means to manage digital assets. CTO Max Kaplan explained that the company is moving beyond traditional digital asset treasury (DAT) models.

Through its DAT++ strategy, SOL Strategies combines SOL holdings with validator revenue, creating a diversified income stream tied directly to Solana’s growth. This ensures the firm’s success is interdependent with the network’s performance.

Kaplan highlighted Solana’s edge over Ethereum: higher transaction throughput and superior user experience. He cited the surge around President Trump’s TRUMP meme coin launch as proof of Solana’s resilience under heavy demand.

Looking ahead, Kaplan argued that Solana can also support AI workloads on-chain, positioning validator infrastructure as critical not only for staking today but for emerging technologies tomorrow.

The financials back this vision: the firm holds over 435,000 SOL (~$144M), secures CAD $1.24B in delegated SOL across five validators, and reported CAD $2.5M in staking revenue in Q2 2025 along with nearly $800K in adjusted EBITDA in Q3.

By joining the Nasdaq Global Select Market and forming partnerships with ARK Invest, BitGo, and Neptune Digital Assets, SOL Strategies is positioning itself as a trusted institutional gateway to Solana.

As Kaplan put it: SOL Strategies isn’t just holding Solana — it’s growing with it.