Solana Infrastructure and Treasury Firm Sol Strategies considers it a weaker in the increasingly busy market of the Ministry of Treasury of publicly available crypto businesses and digital assets, but it doesn't bother you.
The Canadian-based venture's shares were made public for trading on the Nasdaq Exchange on Tuesday, increasing its investor exposure beyond the OTC market, which previously traded with the Canadian Stock Exchange.
The shares closed at $7.37 on Friday, up 7.5% on trading day, but fell 43% since its debut.
“We think we're underdogs,” said Leah Wald, CEO of Sol Strategies. Decryption. “We are a small tech company in the sea of technology companies.”
Waldo, who? I became the CEO of the company in July 2024. After working in the Crypto industry for many years, she said she appreciates the opportunity to fight against a larger, established company in this field.
“Understanding is an absolute advantage. It gives you room for buildings to run and focus without the distractions that come with being exaggerated.” She said. “In cryptography, being underrated often means you're doing the right thing. The market rewards hype rather than hype in the long run. That's exactly where we want to place.”
In its efforts, the company has established itself as a central contributor to the Solana Ecosystem, running a validator business that acquires yields from delegated or piling assets.
Based on that August Business Updatecurrently 3.6 million Sols are delegated to validators, with over $822 million in assets under the delegation, helping them more than twice their annual revenues in the second quarter when compared to last year's fourth quarter.
From these delegated assets, it earns a yield of around 8%. This offers a stream of double income that is called, in a similar proportion to what you earn if you soak assets held in Solana Treasury through owned Valitas. “Market-independent” in a recent investor presentation.
In other words, you get a percentage of assets delegated to the validator, regardless of whether Sol's price rises or falls.
“The Department of Digital Assets and Treasury (DAT)++,” says Wald, who characterizes Sol Strategies as “DAT++.”
“It is a three- to five-year strategy to become the Ministry of Digital Assets and Treasury (DAT). Decryption.
“The market likes DAT stories,” she said. “We have a massive Sol Treasury Ministry, and raising it is my explicit mission… but the plus is business. I think that others will fail.”
Wald said the additional plus comes from the alignment between the Treasury and Validator Business.
In addition to the 3.6 million sols delegated to validators, the company owns over 435,000 SOLs (equivalent to Ear Inerly Nearly Nearty $100 million) on its balance sheet as part of its financial strategy, placing it in the largest publicly traded Solana Treasury Companies.
But it wasn't always focused on Solana.
This month I got a new name a year ago. Cypherpunk Holdings to Sol Strategies Match your brand to a speedy layer 1. Before the change, the company had already started cement with a focus on Solana, but it was sold out Bitcoin Holdings and Animoka Brand Stocks To help strengthen the Ministry of Finance.
Earlier with the trends of Solana Treasury, despite accumulating Sol long before Sol won its new all-time high of $293 in January, Wald said he was “more bullish” in Solana, citing the network's community and developer activities.
