Company Overview
Sol Strategies Inc. invests in and provides infrastructure for the Solana Blockchain ecosystem. The company operates validator nodes on several Proof of Stake blockchain networks, primarily Solana and SUI, enabling transaction validation and block proposals; cryptocurrency staking; delegating tokens to validators for passive rewards. The company was formerly known as Cypherpunk Holdings Inc. and changed its name to Sol Strategies Inc. in September 2024. Sol Strategies Inc. was incorporated in 2002 and is headquartered in Toronto, Canada.
Why Investors Should Care
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Sep 2025 Revenue of $14.40M (+81.8% YoY); net profit $-35.04M.
- Trailing 12 Months Year-on-year growth — revenue -41.2%, earnings -630.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | -41.20% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | -630.22% |
Stock Price Performance
| 1 Year: | -83.74% |
| 6 Months: | -13.61% |
| 3 Months: | -1.55% |
| 1 Month: | +19.81% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)55.70 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
CONS
- Trading 86.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | STKE Sol Strategies Inc. FINANCIAL | 1.27 | -0.35 | $50.44M | 0.00% | -10.29% | - | - | - |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 2.53M | 2.52M | 3.68M | -3.93M | -14.48M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| Operating Expenses | - | 7.58M | 9.96M | 9.44M | 6.87M | 62.73M |
| Operating Income | - | -5.05M | -7.43M | -5.77M | -10.79M | -77.20M |
| EBITDA | - | -2.66M | -3.29M | -29.91M | -8.29M | -86.98M |
| Interest Expense | - | 784.78K | 840.79K | 1.54M | 1.16M | 545.58K |
| Pretax Income | - | -5.99M | -8.13M | -35.08M | -11.85M | -89.88M |
| Tax Provision | - | -1.16M | 49.35K | -9.83M | 0 | 0 |
| Net Income | - | -4.82M | -8.18M | -25.26M | -11.85M | -89.88M |
| Diluted EPS | 0.16 | -0.26 | -0.40 | - | -0.43 | -2.47 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Revenue | - | 0 | 0 | 7.92M | 14.40M |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | - | 2.84M | 1.46M | 2.53M | 28.45M |
| Operating Income | - | -2.84M | -1.46M | 5.39M | -14.05M |
| EBITDA | - | -2.58M | -1.39M | 8.22M | -31.38M |
| Interest Expense | - | - | - | 0 | 3.20M |
| Pretax Income | - | 793.20K | -6.31M | 8.19M | -44.81M |
| Tax Provision | - | 434.74K | -26.94K | 1.58M | -9.78M |
| Net Income | - | 358.46K | -6.28M | 6.61M | -35.04M |
| Diluted EPS | - | 0.02 | -0.32 | 0.35 | -1.74 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 23.89M | 17.05M | 28.90M | 169.60M |
| Current Assets | - | 18.74M | 2.04M | 1.81M | 3.55M |
| Cash & Equivalents | - | 18.54M | 1.93M | 1.81M | 1.79M |
| Inventory | - | - | - | - | - |
| Receivables | - | - | - | 6.75K | 11.98K |
| Total Liabilities | - | 308.29K | 226.48K | 2.18M | 54.82M |
| Current Liabilities | - | 308.29K | 226.48K | 1.78M | 32.96M |
| Long Term Debt | - | - | - | - | 21.27M |
| Total Debt | 1.19M | - | - | - | 51.91M |
| Total Equity | - | 23.58M | 16.83M | 26.72M | 114.78M |
| Shares Outstanding | - | 20.01M | 19.01M | 18.27M | 23.00M |
Cash Flows (Annual)
Figures in USD.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 211 | -1.13M | -856.73K | -11.00M |
| Investing Cash Flow | - | 18.84M | -14.77M | 1.51M | -73.20M |
| Financing Cash Flow | - | -1.18M | -707.76K | -767.96K | 84.18M |
| Capital Expenditure | -938.58K | -1.79M | -8.12M | - | -7.75M |
| Free Cash Flow | - | -1.79M | -1.13M | -856.73K | -18.76M |
| Net Change in Cash | - | 17.66M | -16.61M | -119.23K | -22.65K |
Ratios (Annual)
Figures in %.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - |
| Operating Margin % | - | - | - | 68.1% | -97.6% |
| Net Margin % | - | - | - | 83.4% | -243.3% |
| ROE % | - | 1.5% | -37.3% | 24.7% | -30.5% |
| ROCE % | - | -12.0% | -8.7% | 19.9% | -10.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | J. Derek Lewis & Associates Inc. | 1.38% | 381.28K | $457.54K |
| 2 | Key Client Fiduciary Advisors, LLC | 1.29% | 356.39K | $427.66K |
| 3 | MMCAP International, Inc. SPC | 0.86% | 236.15K | $283.38K |
| 4 | UBS Group AG | 0.38% | 105.29K | $126.34K |
| 5 | Lighthouse Investment Partners, LLC | 0.25% | 67.50K | $81.00K |
| 6 | Stonex Group Inc. | 0.15% | 41.13K | $49.35K |
| 7 | Jane Street Group, LLC | 0.11% | 31.21K | $37.45K |
| 8 | Pathstone Holdings, LLC | 0.10% | 28.12K | $33.75K |
| 9 | Creative Planning | 0.08% | 22.51K | $27.01K |
| 10 | Bank of Montreal /CAN/ | 0.08% | 22.24K | $26.69K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for STKE
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Sol Strategies (STKE) Stock Forecast and Price Target 2026 $STKE - marketbeat.com
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SOL Strategies Signs $18 Million Deal to Acquire Privacy-Focused Swap Aggregator Houdini - finance.yahoo.com
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STKE — Frequently Asked Questions
What is the current share price of Sol Strategies Inc. (STKE)?
As of 2026-09-19 21:16 PDT, Sol Strategies Inc. (STKE) trades at $1.27 on NasdaqGS. Its 52-week range is $0.89 to $9.13.
What is the market capitalisation of STKE?
Sol Strategies Inc. (STKE) has a market capitalisation of $50.44M on NasdaqGS.
What is the P/E ratio of STKE?
STKE trades at a trailing price-to-earnings (P/E) ratio of -0.35. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 1.94.
Is STKE a good stock to buy?
This page provides a data-driven analysis of Sol Strategies Inc. (STKE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.