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Coinpaper 2026-03-05 16:55:40

SOL Strategies Shares Jump 21% as Validator Revenue Climbs 120% YoY

SOL Strategies Inc. (CSE: HODL, NASDAQ: STKE) experienced a notable 21% jump in share value following a strong corporate update for February 2026. The company, focused on building the Solana ecosystem, now serves over 33,500 unique wallets while its STKESOL liquid staking platform surpassed 691,000 SOL staked with more than 1,000 holders. These milestones signal increasing adoption of SOL Strategies’ infrastructure services. Validator Network and Staking Operations The company’s validator network continues to scale, benefiting from device integrations, mobile wallets, third-party partnerships, and STKESOL staking. Assets Under Delegation reached 3,873,652 SOL, including treasury and third-party delegated holdings. Proprietary validators delivered a peak annual percentage yield of 6.47%, outperforming the network average of 6.09%. Validator uptime remained at 99.99%, reflecting the company’s operational consistency. In February, SOL earned approximately 1,276 SOL from proprietary validators. Michael Hubbard, Interim CEO of SOL Strategies, stated, “In February we continued to deliver steady growth across our suite of staking products on key metrics, including Assets under Delegation and Unique Wallets.” He emphasized that validator revenue increased 120% year-over-year on a SOL basis, proving scalability independent of token price. Hubbard added that the launch of STKESOL with over 690,000 SOL staked demonstrates market demand for the platform, reinforcing the company’s multi-pillar staking strategy. Governance Updates and Upcoming Events SOL Strategies announced a refreshed board slate ahead of its Annual General Meeting on March 31, 2026. The proposed board includes two new independent directors alongside five incumbents. Hubbard will become the permanent CEO, and Steve Ehrlich will assume the role of Chief Strategy Officer. The company continues executing its infrastructure thesis, leveraging four revenue streams: treasury stake, delegated stake, liquid staking, and institutional services such as VanEck partnerships. Investors can expect further engagement through upcoming events, including the Webull Virtual Conference on March 12 and the Roth Conference from March 22–24. Additionally, SOL Strategies hosts X Spaces sessions featuring discussions with Solana DeFi teams on decentralized market structures and on-chain finance infrastructure. SOL Price Outlook Remains Bullish Source: X Solana (SOL) trades at $90.95, rising 3.76% over the past week . Analyst 0xBossman projects SOL could reach $200 before testing lower levels near $40. Technical trends show support at $90–$100 with immediate resistance at $120–$130. A breakout could open upward momentum toward $160–$180 and eventually $200, assuming market sentiment remains favorable. Conversely, failing support could trigger declines to $70–$60.

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