- SOL Strategies (OTCQB: CYFRF) has filed a Form 40-F with the SEC, marking a strategic step towards a Nasdaq listing.
- The company saw a 4.5% monthly increase in SOL assets under delegation, reaching 3.74 million SOL as of June 30, 2025.
- Significant advancements were made in the development of the Orangefin application, integrating MoonPay and Ledger for enhanced user experience.
SOL Strategies Inc. (OTCQB: CYFRF), a Canadian investment firm dedicated to the Solana blockchain ecosystem, has rolled out its corporate update for June 2025, showcasing crucial milestones. A key highlight was the filing of a Form 40-F registration with the U.S. Securities and Exchange Commission (SEC) on June 19, 2025, as part of its pursuit to list on the Nasdaq under the ticker "STKE", while simultaneously maintaining its CSE listing under "HODL". This cross-listing remains pending Nasdaq approval and regulatory compliance.
As of June 30, 2025, the company reported holding 392,667 SOL, equating to approximately CAD $82.6 million, along with 26,440 jitoSOL, valued at around 32,060 SOL. This results in a combined treasury position valued at approximately CAD $89.3 million. The company has noted a 4.5% month-over-month increase in SOL assets under delegation, totaling 3,745,116 SOL.
SOL Strategies further emphasized the robust performance of its validator operations, achieving 100% uptime and delivering a peak annual percentage yield (APY) of 7.88%, surpassing the network average of 7.45%. In addition, the company served 5,520 unique wallets, a slight increase from 5,441 in May 2025.
The establishment of a Strategic Ecosystem Reserve was also announced, with an initial acquisition of 52,181 JTO tokens valued at approximately CAD $154,000. The reserve is part of SOL Strategies' commitment to supporting the Solana ecosystem by backing projects that advance the blockchain's core infrastructure.
On the technological front, significant progress was made in the development of the Orangefin mobile staking application. This includes new partnerships and integrations aimed at enhancing global accessibility, such as MoonPay for fiat-to-SOL onramp and support for Ledger hardware devices.
Leah Wald, CEO of SOL Strategies, commented on the developments, noting, "Filing our 40-F with the SEC is more than just a regulatory milestone; it's a foundational step in our mission to bridge traditional finance with Solana's proven infrastructure."
