Solana treasury company SOL Strategies seeks $30M CAD to boost Solana operations

$SOL Strategies, a Solana-focused technology company, is seeking $30 million CAD to expand its operations within the Solana ecosystem.

The company operates a network of high-performance validators with over $1 billion CAD in delegated $SOL across its infrastructure. Sol Strategies recently listed on the Nasdaq Global Select Market as part of its evolution into a dynamic asset treasury company.

In January 2025, the company completed a $30 million CAD private placement to bolster its $SOL treasury. The new funding round builds upon that earlier raise and increases from a prior $25 million CAD credit facility.

Sol Strategies has been expanding through strategic acquisitions, including validator operations with over 3.4 million delegated $SOL as of early September and 100% uptime for more than 500 days. The company’s validator network generates compounded returns of approximately 16% through staking and tech revenue.