SOL Strategies Validator Network Hits 33,568 Wallets; STKESOL Tops 691,039 SOL
Validator network grew to 33,568 unique wallets in February, while STKESOL liquid staking surpassed 691,039 SOL staked across 1,034 holders. SOL Strategies recorded 120% year-over-year validator revenue growth, maintained 99.99% uptime on 3.87 million SOL under delegation, and holds 518,139 SOL in treasury.
1. Validator Network Expansion
SOL Strategies’ validator network reached 33,568 unique wallets in February, up from 31,000 at the start of the month. Growth was driven by device and mobile integrations, third-party wallet partnerships and the STKESOL platform, delivering 99.99% uptime across proprietary validators.
2. STKESOL Liquid Staking Achievements
The STKESOL liquid staking platform crossed 691,039 SOL staked with 1,034 unique holders in its first weeks, while proprietary validators earned approximately 1,276 SOL in net staking rewards during February. The platform delivered a peak APY of 6.47%, outperforming the network average of 6.09%.
3. Financial and Operational Highlights
SOL Strategies reported a 120% year-over-year increase in validator revenue and 3.87 million SOL in assets under delegation, including treasury stake and third-party delegations. The company’s treasury now holds 518,139 SOL, valued at roughly CAD $60.1 million based on current rates.
4. Governance and Leadership Updates
A refreshed board slate featuring two new independent directors, Laszlo "Les" Borsai and Dennis Logan, will be presented at the March 31 AGM. Michael Hubbard will become permanent CEO and Steve Ehrlich will assume the role of Chief Strategy Officer, following a cooperation agreement with key shareholders.