Latest news with #LeahWald
Yahoo
26-04-2025
- Business
- Yahoo
DeFi Development Plans to Raise $1 Billion to Buy More Solana
DeFi Development Corp. (JNVR), formerly known as Janover, is doubling down on its plan to buy more Solana for its treasury as it looks to offer up to $1 billion worth of securities. The firm, formerly a commercial real estate lending tech platform, revealed in a U.S. Securities and Exchange Commission (SEC) filing that it plans on using the funds for 'general corporate purposes, including the acquisition of Solana.' The offering will include common and preferred stock, debt instruments, warrants, and units. DeFi Development has already acquired approximately $48.2 million of SOL and plans to operate validators on the Solana blockchain to earn staking rewards. Taking a playbook out of Michael Saylor's bitcoin buying strategy, corporations have been increasingly buying SOL for their balance sheets to provide TradFi investors with exposure to the token. SOL Strategies, the publicly traded company helmed by CEO Leah Wald—former co-founder of digital asset manager Valkyrie Investments—spearheaded the movement. Recently, the firm announced that it had secured an up to $500 million convertible note facility to ramp up its investments in the Solana network. DeFi Development's new offering comes after a significant leadership shakeup earlier this month. Former Kraken executive Joseph Onorati took over as CEO and chairman, and Parker White, another ex-Kraken engineer, was named chief operating officer and chief investment officer. The company also brought on John Han, a former Binance and Kraken executive, as CFO. DeFi Development adopted a treasury strategy centered around Solana as part of its new direction. In addition to the $1 billion shelf registration, DeFi Development also filed to register 1.24 million shares on behalf of early investors, including Pantera Capital, Payward (parent company of Kraken), and Arrington Capital. Shares of DeFi Development Corp surged more than 970% following the leadership shakeup and moved up roughly 4% in after-hours trading on Friday to now stand at $54 per share. This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
24-04-2025
- Business
- Yahoo
SOL Strategies Surges on Up to $500M Credit Facility for Solana Investment
Shares of Sol Strategies (HODL), a Toronto-listed digital-asset firm, jumped after the company said it secured an up-to $500 million convertible note facility to ramp up its investments focused on the Solana network. The capital will be exclusively used for purchasing SOL tokens and expand the firm's blockchain validator operation, the company said in a release. HODL shares surged as much as 18% to C$2.16 before paring some of the gains, but were still up 7% from yesterday's close. "This is the largest financing facility of its kind in the Solana ecosystem-and the first ever directly tied to staking yield," CEO Leah Wald said in the statement. "Every dollar deployed is immediately yield-generating, and accretive to both our balance sheet and our validator business. This structure is not only innovative-it is highly scalable." The initial $20 million tranche of the deal, signed with New York-based private equity investment firm ATW Partners, is expected to close by May 1, the company said. The interest on the convertible notes will be paid out in SOL, calculated as up to 85% of the staking yield on SOL staked with the firm's validators. The company said it is also exploring a move to the Nasdaq stock exchange in the U.S., giving it access to a deeper investor base. The move follows similar plans of Canada-listed digital asset investment firm Galaxy Digital, which is set to debut on Nasdaq in May after being granted regulatory approval earlier this month. SOL Strategies, led by Wald, co-founder of digital asset manager Valkyrie Investments, spearheaded the movement of adapting Michael Saylor's bitcoin treasury strategy to alternative cryptocurrencies. The firm held 267,151 SOL tokens as of last month, worth over $40 million at current prices. It also bought three validator businesses last month, bringing the total amount of SOL staked at the firm's validators to 3,351,617 SOL, or over $500 million. U.S.-listed real estate firm Janover, now known as DeFi Development Corp, recently followed SOL Strategies' footsteps in pursuing a Solana-focused crypto treasury and validator operator strategy.
Bloomberg
18-03-2025
- Business
- Bloomberg
Sol Futures Had a Good Debut: Sol Strategies CEO
Sol futures recently started trading on the CME and Sol Strategies President and CEO Leah Wald says traditional institutions will have to take Sol and other alternative currencies seriously. (Source: Bloomberg)
Associated Press
25-02-2025
- Business
- Associated Press
Sol Strategies to Announce First Quarter 2025 Financial Results on March 3, 2025, Provides Update on SOL Purchases and Investor Relations Firm Engagement
Toronto, Ontario--(Newsfile Corp. - February 25, 2025) - Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) (formerly, Cypherpunk Holdings Inc, 'Sol Strategies' or the 'Company'), a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced it will release its financial results for the first quarter of 2025 on Monday, March 3, 2025, at 4:30 PM EST. CEO Leah Wald, CFO Doug Harris and CTO Max Kaplan will host a webcast and conference call to discuss the results following the release. Participants will have the opportunity to ask questions during the call. Event Details: Sol Strategies First Quarter 2025 Financial Results Webcast and Conference Call Webcast Date: Monday, March 3, 2025, at 4:30 PM EST Live Call: (800) 579-2543 Primary (US) or (785) 424-1789 (International) A replay of the webcast will be available on the company's investor relations website shortly after the event Recent SOL Purchases Update For the week ending February 23, 2025, Sol Strategies acquired 10,354 SOL for a total of $1,749,980 USD, reflecting an average purchase price of $169.01 USD per SOL. This continued accumulation aligns with the Company's strategy of expanding its SOL holdings to support its validator operations and long-term investment approach in the Solana ecosystem. Investor Relations Firm Engagement The Company also announces that effective February 25, 2025 it has engaged ICR, LLC ('ICR') to provide certain investor relations services to the Company, including preparations for earnings reports, messaging development and execution, analyst engagement, investor targeting, which may include the distribution of information relating to the Company through digital, email and influencer marketing, development of investor relations infrastructure and best practices, and the provision of market research and intelligence. ICR is engaged for an initial six month term, after which either the Company or ICR may terminate the engagement on 60 days' notice. In consideration for these services, ICR will be paid a US$30,000 retainer and a monthly fee of US$15,000. ICR is led by John Sorensen out of 761 Main Avenue, Norwalk, Connecticut, 06851 (email: [email protected]; telephone: (203) 682-8200). ICR and Mr. Sorensen are at arm's length to the Company and neither owns any shares of the Company. About Sol Strategies Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications. To learn more about Sol Strategies, please visit A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's SEDAR+ profile at Investor Contact Doug Harris Chief Financial Officer [email protected] Tel: 416-480-2488 Cautionary Note Regarding Forward-Looking Information: Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains 'forward-looking information' within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or indicates that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be' taken, 'occur' or 'be achieved'. Forward-looking statements in this news release include statements regarding the timing for the Company's release of its financial results and the services to be undertaken by ICR. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements. Disclaimer: Sol Strategies is an independent organization in the Solana ecosystem. Sol Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the 'Foundation'), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with Sol Strategies. None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by Sol Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
