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STKE US​

SOL Strategies Inc.(STKE US)

$1.25-0.010.79%Ext:$1.39+0.1410.95%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

SOL Strategies Inc. — Company Profile

Sol Strategies Inc. is a company dedicated to building and investing in the core infrastructure that supports the Solana Blockchain ecosystem. The firm manages and operates Validator nodes on several Proof of Stake (PoS) blockchain networks, with a primary focus on Solana and SUI. Through these nodes, the company plays a vital role in validating network transactions and proposing new blocks. Furthermore, Sol Strategies facilitates cryptocurrency staking and offers opportunities for users to delegate their tokens to Validators, thereby earning passive rewards. Originally incorporated in 2002, the company was formerly named Cypherpunk Holdings Inc. before rebranding as Sol Strategies Inc. in September 2024. Its operations are based out of Toronto, Canada.

Sector
Financial Services
Industry
Asset Management
Exchange
UQ
CEO
Michael Hubbard
Headquarters
Toronto, A6, CA
IPO Date
Sep 9, 2025
Employees
3
Website
solstrategies.io

Key Metrics

Price
$1.71
Market Cap
$43.65M
Revenue (TTM)
$-14513100.00
Net Income (TTM)
$-90111662.00
EPS (TTM)
-2.48
P/E (TTM)
-0.32
P/B (TTM)
1.07
Dividend Yield
0.00%
ROE (TTM)
-220.55%
ROA (TTM)
-104.68%
Operating Margin
5.33%
Beta
2.24

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Sol Strategies Inc. is a company dedicated to building and investing in the core infrastructure that supports the Solana Blockchain ecosystem. The firm manages and operates Validator nodes on several Proof of Stake (PoS) blockchain networks, with a primary focus on Solana and SUI. Through these nodes, the company plays a vital role in validating network transactions and proposing new blocks. Furthermore, Sol Strategies facilitates cryptocurrency staking and offers opportunities for users to delegate their tokens to Validators, thereby earning passive rewards. Originally incorporated in 2002, the company was formerly named Cypherpunk Holdings Inc. before rebranding as Sol Strategies Inc. in September 2024. Its operations are based out of Toronto, Canada.

Website
solstrategies.io
Location
Toronto, A6, CA
Phone416 480 2488
Employees3
CEOMichael Hubbard
SectorFinancial Services
IndustryAsset Management
IPO DateSep 9, 2025

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Latest Documents

SEC Filings(71)

Expand
  • 6-KCurrent report (foreign private issuer)22 Sep
  • 6-KCurrent report (foreign private issuer)15 Sep
  • S-8Registration statement (employee benefit plan)4 Sep
  • 6-KCurrent report (foreign private issuer)17 Aug
  • 6-KCurrent report (foreign private issuer)17 Aug
  • 6-KCurrent report (foreign private issuer)27 Jul
  • 6-KCurrent report (foreign private issuer)16 Jul
  • 6-KCurrent report (foreign private issuer)2 Jul
  • 6-KCurrent report (foreign private issuer)29 Jun
  • 6-K/ACurrent report (foreign private issuer, amendment)29 Jun
  • 6-KCurrent report (foreign private issuer)18 Jun
  • 6-KCurrent report (foreign private issuer)8 Jun
  • 6-KCurrent report (foreign private issuer)3 Jun
  • 6-KCurrent report (foreign private issuer)2 Jun
  • 6-KCurrent report (foreign private issuer)18 May
  • 6-KCurrent report (foreign private issuer)15 May
  • 6-KCurrent report (foreign private issuer)15 May
  • SC 13G/ASOL Strategies Inc.13 May
  • 6-KCurrent report (foreign private issuer)12 May
  • 6-KCurrent report (foreign private issuer)11 May

News

  • SOL Strategies' Houdini Swap Crosses US$3 Billion in Cumulative Swap Volume22 Sep
  • SOL Strategies' Houdini Swap Monthly Volume Increases 14% over June Reported15 Sep
  • Sol Strategies Inc. (STKE) Q3 2026 Earnings Call Transcript19 Aug
  • SOL Strategies Reports Fiscal Third Quarter Financial Results17 Aug
  • SOL Strategies' Houdini Swap Delivers $1.1MM CAD Revenue, 60%+ EBITDA Margin in First Month27 Jul

Key Stats

Trading

Px/Chg 1D$1.71 / +2.40%
Avg Volume250.39K
Beta2.24
Mkt Cap43.65M
FD Mkt Cap31.36M

Float

Shrs Out/Float25.52M / 18.90M
Short Float0.02%
Days to Cover1.57
Stock Repurchased$0.00

Current Valuation

EV86.73M
EV/EBITDA-0.68
EV/Sales-6.10
P/B1.07
P/S-3.07
FCF Yield-4.19%
ROE-220.55%
ROA-104.68%
Current Ratio0.09

Estimates

P/E-0.32
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgFeb '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-0.65-0.82-0.48
Price / Sales-1.500.00-3.01
Price / Book Value0.620.181.07
Price / Free Cash Flow-16.77-9.67-23.86
ENTERPRISE VALUE METRICS
Enterprise Value78.870.886.7
Enterprise Value / Sales-2.990.00-5.98
Enterprise Value / EBITDA-1.68-2.37-0.99
Enterprise Value / EBIT-1.54-2.11-0.97

Financials

Full Financials
Millions CAD5Yr CAGR (%)Sep '21Sep '22Sep '23Sep '24Sep '25
INCOME STATEMENT
Revenue—-----
Gross Income—-----3.2
EBITDA105.7%-1.8-3.7-6.68.0-31.4
EBIT118.4%-1.8-4.0-6.77.9-41.6
Net Income133.7%-1.20.4-6.36.6-35.0
EPS (Diluted)123.3%-0.070.02-0.320.32-1.74
BALANCE SHEET
Cash & ST Inv19.5%0.918.61.91.81.8
Total Assets52.7%31.223.917.128.9169.6
Total Liabilities100.5%3.40.30.22.254.8
Total Shareholder Equity42.5%27.823.616.826.7114.8
CASH FLOW
Net Operating Cash Flow61.1%-1.60.0-1.1-0.9-11.0
Cap Ex69.5%-0.9-1.8-8.1--7.8
Free Cash Flow64.3%-2.6-1.8-1.1-0.9-18.8

Enterprise Value Bridge

Millions CAD23 Oct '26
Price (As of 23 Oct '26)1.25
Basic Shares25.52
Market Cap31.9
Diluted Shares26.12
Fully Diluted Shares Outstanding26.12
Fully Diluted Market Cap32.7
+Consolidated Debt43.5
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-0.4
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value75.0

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