SOL Strategies reports SOC 2 compliance, expands treasury to 526,513 SOL

TORONTO - SOL Strategies Inc. (CSE:HODL) (NASDAQ:STKE) has achieved SOC 1 and SOC 2 Type 2 compliance certification and expanded its Solana token holdings to 526,513 SOL, valued at approximately CAD$137 million as of October 31, 2025. The company’s stock, currently trading at $3.38, has experienced significant volatility, falling nearly 81% over the past six months according to InvestingPro data.

The company, which combines a Solana treasury with validator operations, completed the SOC audits on October 27, a step aimed at enhancing its institutional-grade security credentials. These audits evaluate both the design and effectiveness of operating security controls over time.

SOL Strategies has deployed proceeds from its recently closed CAD$30 million LIFE offering to acquire additional SOL tokens for its treasury, including purchases and staking of locked SOL at below-market prices.

"Achieving SOC 2 Type 2 certification demonstrates our unwavering commitment to maintaining the highest standards of security and operational controls, providing a critical requirement for institutional clients," said Michael Hubbard, Interim CEO of SOL Strategies, according to the company’s press release. Despite these operational achievements, InvestingPro analysis indicates the company is not expected to be profitable this year, with analysts forecasting an EPS of -$0.39 for fiscal year 2025.

The company reported that its validator operations now serve 19,403 unique wallets with assets under delegation totaling 2,816,529 SOL. Its validators maintained 100% uptime across all nodes with a peak APY of 6.68% compared to the network average of 6.45%.

SOL Strategies also highlighted strategic partnerships with Netcoins in Canada and Crypto.com, which the company states will expand its institutional client base. The Crypto.com partnership makes SOL Strategies’ validator services available to Crypto.com’s institutional custody clients. With a market capitalization of approximately $93 million and a high beta of 2.16, the company’s stock typically trades with significant volatility. InvestingPro data shows the stock is currently trading above its Fair Value, with 10+ additional ProTips available for subscribers.

The company continues its search for a permanent CEO following Hubbard’s interim appointment on October 1, 2025. SOL Strategies plans to participate in upcoming investor events, including the Cantor Crypto, AI/Energy Infrastructure Conference in Miami Beach and the ClearStreet Disruptive Technology Conference in Palm Beach later this month.

In other recent news, SOL Strategies Inc. completed its SOC 2 Type 2 and SOC 1 Type 2 audits with no exceptions, affirming the effectiveness of its security controls for Solana validator operations. The company also acquired 88,433 SOL tokens using proceeds from a C$30 million LIFE offering. This acquisition included approximately 79,000 locked SOL tokens purchased at a 15% discount, which will unlock after twelve months and have been staked to the company’s validators.

In leadership developments, CEO Leah Wald has stepped down, with Michael Hubbard taking over as Interim CEO while an external search for a permanent replacement is underway. Additionally, Andrew McDonald has been promoted to Chief Operating Officer. McDonald, who joined the company in January 2025, has been instrumental in strategic initiatives and regulatory compliance. These changes reflect significant shifts in the company’s leadership and operational strategies.

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