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TORONTO - SOL Strategies Inc. (NASDAQ:STKE) (CSE:HODL), currently trading at $6.09 and showing significant volatility with a 443.75% return over the past year, announced Monday that Chief Executive Officer Leah Wald will step down from her role effective October 1, 2025, and has already resigned from her position as Director.
The company has appointed Chief Strategy Officer and Director Michael Hubbard as Interim CEO while an external firm conducts an executive search for a permanent replacement.
Hubbard founded Solana validator Laine in 2021, growing it to over 5.5 million SOL delegated before its acquisition by SOL Strategies earlier this year.
"Michael’s deep knowledge of the Solana ecosystem, prior experience founding a successful software services company, and novel ideas for the future of the Company are going to be strong assets," said Luis Berruga, Chairman of SOL Strategies, in a press release statement.
SOL Strategies, which rebranded from Cypherpunk Holdings, has undergone significant changes over the past year, including cross-listing on NASDAQ and developing what it calls the "Solana treasury model." The company now positions itself as an infrastructure provider for the Solana blockchain ecosystem. According to InvestingPro data, the company has achieved remarkable revenue growth of over 2,700% in the last twelve months, though it currently trades below its Fair Value.
The company’s leadership team includes Max Kaplan as Chief Technology Officer, Doug Harris as Chief Financial Officer, and Andrew McDonald as Chief Operating Officer.
SOL Strategies describes itself as a Canadian investment company specializing in the Solana ecosystem, providing infrastructure solutions and strategic investments.
In other recent news, SOL Strategies Inc. announced the promotion of Andrew McDonald to Chief Operating Officer. McDonald, who joined the company in January 2025, has been instrumental in managing strategic initiatives and regulatory compliance. His new role as COO will involve further oversight of institutional partnerships. This leadership change comes as the company continues to focus on its strategic growth and operational efficiency. The promotion reflects SOL Strategies’ commitment to strengthening its executive team. McDonald’s experience and contributions to the company have been significant since his arrival. This development is part of the company’s ongoing efforts to enhance its management structure.
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