Hassan Shittu
2025-06-27 18:04:00
cryptonews.com
Journalist
Hassan Shittu
Journalist
Hassan Shittu
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SOL Strategies has announced the launch of a new initiative to support critical infrastructure within the Solana ecosystem.
The Canada-based public company revealed on June 26 that it has established a Strategic Ecosystem Reserve (SER), starting with a purchase of over 52,000 Jito (JTO) tokens, valued at more than $100,000.
SOL Strategies Doubles Down on Solana, Taps Jito as First Allocation from New Reserve
According to SOL Strategies, the decision to begin with Jito reflects the company’s long-standing involvement with the project.
“Our Laine validator was the first ever to run Jito on Solana mainnet in October 2022,” the company noted in its statement.
SOL Strategies currently manages over 3.7 million SOL in delegations across its validator operations, including those run for partners such as Pudgy Penguins.
The company’s CEO, Leah Wald, said the move reflects a broader strategy beyond simply acquiring tokens.
“We’re not just investing in tokens — we’re investing in the infrastructure that is driving transaction processing for millions of Solana users while backing a team that is instrumental in driving forward innovation within the ecosystem,” Wald said.
The SER will be funded through validator revenue rather than its SOL treasury. This approach allows the company to support new projects without compromising its core holdings while continuing to accumulate SOL.
Wald added that the reserve will focus on backing projects that “demonstrate significant ecosystem support and advancement.”
Jito, the governance token of the Jito Network, is currently Solana’s leading provider of MEV (Maximal Extractable Value) infrastructure and liquid staking.
Jito has grown into a cornerstone of the Solana ecosystem. With over $2.6 billion in total value locked, according to DeFiLlama, the project offers MEV-optimized infrastructure and contributes to stake pool innovations through tools like Stakenet.
SOL Strategies, formerly known as Cypherpunk Holdings, rebranded in September 2024 as it shifted full focus to Solana.
The firm already operates the validator analytics platform Stakewiz and the Orangefin mobile app and now intends to broaden its support for other Solana-native projects through the SER.
While no specific projects have been named for future allocations, the company said the reserve will remain active and adaptive.
According to the announcement, the goal is to strengthen Solana’s network performance by backing projects that contribute to its technical foundation.
“This isn’t just about accumulating tokens,” the company stated. “It’s about strategically backing the projects that are crucial to Solana’s growth and performance.”
Big Bets on Solana with Nasdaq Filing and Tokenized Equity Plans
Following its $100K+ Jito token deployment into Solana’s Strategic Ecosystem Reserve, SOL Strategies is taking bold new steps to cement its role as a major institutional player in the Solana ecosystem.
The Canadian digital asset firm recently filed for listing on the Nasdaq Capital Market under the ticker “STKE,” signaling its intent to expand into U.S. markets.
Currently listed on the Canadian Securities Exchange as HODL, the company revealed it holds over 420,000 SOL tokens, placing it among the top institutional holders of Solana.
As part of its broader strategy, SOL Strategies filed a preliminary $1 billion shelf prospectus in May 2025, creating long-term flexibility to raise capital through various securities, including equity and debt.
Although there are no immediate fundraising plans, the shelf lays the groundwork for potential future issuances to support growth, validator acquisitions, and further token deployments.
The company’s latest quarterly report shows rising staking-driven revenues, $1.85 million, up from just $67,000 a year earlier.
However, that growth was offset by $6.21 million in total expenses, reflecting a heavy investment phase that includes infrastructure buildouts and share-based compensation.
In April, SOL Strategies secured a $500 million convertible note facility from ATW Partners. Uniquely structured, the notes are interest-bearing in SOL and performance-linked, aligning investor returns with Solana’s ecosystem growth.
Additionally, the firm has signed an MOU with Superstate to explore tokenizing its public shares on Solana, pending regulatory approval, positioning itself at the frontier of public equity on-chain.
With new capital pipelines, deeper staking strategies, and a potential U.S. listing, SOL Strategies is clearly betting big on Solana and making moves that could reshape how institutional players engage with blockchain networks.
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