Sol Strategies Inc. (C:HODL*CA)

Business Focus: Blockchain & Cryptocurrency (NEC)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: 217 Queen St W #401
TORONTO ON M5V 0R2
Tel: N/A
Website: https://cypherpunkholdings.com
IR: See website
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Key People
Antanas Guoga
Executive Chairman of the Board, Chief Executive Officer, President
Douglas Harris
Chief Financial Officer
Mohammed Adham
Chief Investment Officer, Director
Jon Matonis
Chief Economist, Director
   
Business Overview
Sol Strategies Inc. is a Canadian company focused on blockchain investments. The Company is engaged in the development of the blockchain and cryptocurrency ecosystem through its activities in the private equity and financial markets and its support for related technology innovation. Through its investments, the Company offers its shareholders exposure to Solana through its direct investing and staking activities. It makes strategic investments in the Solana ecosystem and participates in staking its SOL, thereby supporting the Solana network. It operates a validator node, responsible for verifying transactions and producing new blocks, which requires significant SOL staking. By staking SOL and running the validator, it earns rewards in additional SOL tokens based on its validators performance and the total amount staked. By staking Solana and investing in Solana-based projects and infrastructure, the Company seeks to benefit from the growth of Solana and its other investments.
Financial Overview
For the nine months ended 30 June 2024, Sol Strategies Inc revenues increased from -C$2.5M to C$1.8M. Net income totaled C$1.1M vs. loss of C$3.6M. Revenues reflect Unrealized gain (loss) on investments increase from -C$2.2M to C$2.5M, Dividend income increase from C$26K to C$248K, Other income increase of 21% to C$182K. Net Income reflects Foreign exchange (gain) loss increase from C$391K (expense) to C$75K (income).
Employees: 17 as of Sep 30, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $618.47M as of Sep 30, 2024
Annual revenue (TTM): $10.62M as of Sep 30, 2024
EBITDA (TTM): $8.13M as of Sep 30, 2024
Net annual income (TTM): $6.61M as of Sep 30, 2024
Free cash flow (TTM): -$0.86M as of Sep 30, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 153,153,866 as of Feb 3, 2025
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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