SOL Strategies Acquires $4.7M in Solana, Exits Bitcoin Position

Date:

Toronto, Ontario–(Newsfile Corp. – May 29, 2025) – SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) (formerly, Cypherpunk Holdings Inc, “Sol Strategies” or the “Company”), a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced additional strategic purchases of SOL as part of its ongoing growth initiatives.

Strategic Asset Transactions

SOL Strategies, Inc. acquired 26,478.37 SOL for US$4,700,000 on May 26, 2025, reflecting an average purchase price of USD $177.50 per SOL.

In addition, the Company sold its remaining Bitcoin holdings of 3.21051734 BTC at an average price of US$103,251.05, generating proceeds of US$331,489.29.

These transactions align with the Company’s focused strategy of concentrating its digital asset holdings in SOL to support its validator operations and long-term investment approach in the Solana ecosystem.

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