Business UpdateJul 2, 2026, 02:06 PM
SOL Strategies Settles CAD $5.75M Debt; Shifts Focus to Solana & Privacy
AI Summary
SOL Strategies Inc. announced it settled approximately CAD $5.75 million of debt by selling 65,001 SOL, reflecting a deliberate capital management approach during market volatility. The company is strategically focusing on its Solana infrastructure and privacy technology businesses, winding down non-Solana validators on Sui and Monad networks. Its wholly-owned Houdini Swap aggregator reported over USD $2.7 billion in cumulative swap volume and USD $65 million in June alone. The company also announced a transition from monthly business updates to event-driven communications, including press releases and quarterly earnings.
Key Highlights
- Settled CAD $5.75 million of debt by selling 65,001 SOL.
- Houdini Swap cumulative volume exceeded USD $2.7 billion.
- Houdini Swap June volume was over USD $65 million from 34,000 swaps.
- Treasury held 460,017 SOL (~CAD $50.6 million) as of June 30, 2026.
- Wound down non-Solana validators on Sui and Monad networks.
- Total SOL staked in STKESOL was 646,528 SOL.
- Assets Under Delegation (AuD) reached 3,468,602 SOL.
- Transitioning from monthly updates to event-driven communications.
Price Impact
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