Sol Strategies Inc C.HODL

Alternate Symbol(s): CYFRF

Sol Strategies Inc. is a Canadian company focused on blockchain investments. The Company is engaged in the development of the blockchain and cryptocurrency ecosystem through its activities in the private equity and financial markets and its support for related technology innovation. Through its investments, the Company offers its shareholders exposure to Solana through its direct investing and staking activities. It makes strategic investments in the Solana ecosystem and participates in staking its SOL, thereby supporting the Solana network. It operates a validator node, responsible for verifying transactions and producing new blocks, which requires significant SOL staking. By staking SOL and running the validator, it earns rewards in additional SOL tokens based on its validators performance and the total amount staked. By staking Solana and investing in Solana-based projects and infrastructure, the Company seeks to benefit from the growth of Solana and its other investments.

CSE:HODL - Post by User

Sol Strategies Inc

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Comment by DayOfReckoningon Sep 04, 2019 12:02am

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Post# 30093002

RE:Financials are out

Correction HODL owns 4.6M shares & 5M shares of C.SIX

DayOfReckoning wrote: As at June 30:

Over $2M cad in cash & equivalents
130 Btc (now 151 Btc)
1900 Monero (now almost 4000 Monero)
Shares in Chia networks, Katanya crypto (Samurai)
2.6M shares and 3M warrants in Hydro66 (c.six)

All totalled NAV was ~ 8c per share. This number has likely dipped from the selloff in crypto, but even so the shares trade for a nice discount at 5-5.5c.

90M shares outstanding
5M options at $0.10
900k options at $0.07

All in all, HODL is worth owning for crypto exposure in brokerage accounts. Especially when they are building a nice BTC position and have lots of cash. I'm a buyer :-)