Solana-focused treasury and infrastructure firm SOL Strategies Inc. saw its shares jump over 20%, as it released its February update outlining continued growth across its Solana validator and staking operations.
The company said in its monthly update released Wednesday that its validator network grew to 33,568 unique wallets in February, up from the 31,000 announced on Feb. 2.
A major driver of the growth was the company’s STKESOL liquid staking platform, which crossed 691,039 SOL staked and more than 1,000 holders after launching in January. Liquid staking allows users to earn staking rewards while maintaining liquidity through tokenized staking positions, offering a new revenue stream alongside the company’s validator operations and institutional staking services.
SOL Strategies also reported 3.87 million SOL in total assets under delegation, including both the company’s treasury stake and third-party delegations. During February, proprietary validators generated roughly 1,276 SOL in rewards while maintaining 99.99% uptime across its infrastructure.
Interim CEO Michael Hubbard said the company’s staking infrastructure continues to scale even during periods of market volatility.
“What matters now is execution,” Hubbard said in the statement. “We have four revenue streams operating simultaneously: treasury stake, third party delegated stake, liquid staking, and institutional staking services, such as VanEck.”
Hubbard noted that the company’s latest quarterly results further validated its upward trajectory over the past year.
In the fourth quarter of 2025, the company posted CAD$2.1 million ($1.5 million) in total staking and validation revenue, up 69% year-on-year, according to its quarterly report released last month. Its staking and validator rewards reached 9,787 SOL in the quarter, up 120% year-on-year.
SOL Strategies’ shares closed up 20.97% at $1.5 on Wednesday on the Nasdaq, though the stock has fallen 75.81% over the past six months.
The February update also included governance changes ahead of the company’s annual shareholder meeting scheduled for March 31. SOL Strategies confirmed that interim chief executive Michael Hubbard will assume the role permanently.
The Canadian firm, formerly known as Cypherpunk Holdings, began accumulating SOL in the second quarter of 2024 and rebranded in September of that year to reflect its pivot toward a Solana-focused strategy.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
