SOL Strategies shares jump 20% as firm posts validator network growth

SOL Strategies Inc., a Solana-focused treasury and infrastructure firm, experienced a more than 20% jump in its shares after releasing its February business update, which highlighted significant growth in its Solana validator and staking operations. The validator network expanded to 33,568 unique wallets, driven largely by its STKESOL liquid staking platform, which surpassed 691,039 SOL staked and 1,000 holders since its January launch. The company reported 3.87 million SOL in total assets under delegation, with proprietary validators achieving 99.99% uptime and generating 1,276 SOL in rewards during February. Interim CEO Michael Hubbard emphasized the scaling infrastructure and four simultaneous revenue streams: treasury stake, third-party delegated stake, liquid staking, and institutional staking services. This growth follows strong Q4 2025 results, where staking and validation revenue increased 69% year-on-year. Additionally, the company confirmed that Michael Hubbard will permanently assume the CEO role ahead of the March 31 shareholder meeting.

(Source：The Block)