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TORONTO - SOL Strategies Inc. (CSE:HODL) (NASDAQ:STKE), a blockchain investment company with a market capitalization of $151.4 million, announced Friday the promotion of Andrew McDonald from Director of Operations to Chief Operating Officer (COO).
McDonald, who joined the Canadian Solana blockchain investment company in January 2025, has been overseeing strategic initiatives, regulatory compliance, and institutional partnerships since his arrival. The appointment comes during a volatile period for the company’s stock, which has seen a 614% return over the past year despite recent pressure.
"Andrew has been performing at the COO level since joining our team, demonstrating the versatility and strategic thinking essential for this role," said Leah Wald, Chief Executive Officer of SOL Strategies.
Prior to joining SOL Strategies, McDonald served as COO and General Manager at Bitaccess Inc., a Bitcoin ATM software provider, where he contributed to the company’s expansion and growth in enterprise SaaS revenue.
"I’m honored to formally step into the COO role during such a pivotal time in the company’s evolution," McDonald said in the press release statement.
SOL Strategies describes itself as a Canadian investment company that specializes in the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications.
The company is publicly traded on both the Canadian Securities Exchange under the ticker HODL and on the NASDAQ under the ticker STKE.
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