From Financial Modeling Prep: 2025-02-07 00:05:38

Sol Strategies Inc. is set to undergo a stock split on February 14, 2025, giving shareholders 4 shares for every 1 they hold. The company has shifted its focus to the Solana blockchain ecosystem, moving away from Bitcoin holdings. 400,000 stock options have been granted to key personnel to align their interests with shareholders.

Formerly Cypherpunk Holdings Inc., Sol Strategies Inc. now invests in the Solana blockchain ecosystem. The strategic pivot aims to provide investors with exposure to Solana’s network. This transformation offers a publicly traded vehicle for investors to participate in Solana’s growth, departing from the company’s previous investment strategy.

The stock split aims to broaden Sol Strategies’ investor base and enhance liquidity. Trading at $109.72 with a market cap of $1.18 billion, the company’s positive outlook is reflected in this move. 400,000 stock options, priced at $4.91 per share, have been granted to directors and consultants to align their interests with shareholders and incentivize key personnel.

Sol Strategies’ Q4 2024 shareholder letter emphasizes its focus on building infrastructure for the Solana ecosystem. The stock’s volatility, ranging from $50.87 to $122.63 in the past year, reflects market response to the company’s strategic pivot. The stock split and shift towards Solana showcase the company’s commitment to enhancing shareholder value and positioning itself in blockchain technology investment.



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