Sol Strategies Inc. (STKE)Financial Services | Capital Markets | Toronto, Canada | NasdaqGS
1.47 USD
+0.06
(4.255%)
⇧
(Oct. 13, 2026, 2:42 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:59 a.m. EDT
The investment case here is bifurcated by a stark contrast between speculative enthusiasm and deteriorating corporate health. On the surface, the options market is screaming bullishness, with massive open interest in $3 and $4 calls suggesting traders expect a massive rally driven by Solana network growth. However, this optimism ignores a fundamental reality: the business is bleeding value. Revenue has contracted by 41% year-over-year, and the company is posting massive losses with a negative return on equity of over 200%. The balance sheet is precarious, carrying debt nearly 16 times its equity. While the stock price has rallied recently, the underlying trajectory shows a sharp decline in operational performance. The current price is trading at a forward P/E of 52x despite negative earnings, making it a pure momentum play rather than a value opportunity. For investors seeking stability, the lack of dividends and the shrinking revenue base are red flags. The stock is currently priced for perfection in the crypto sector, ignoring the fact that the core business is shrinking. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.169100 |
| MSTL | 0.174919 |
| AutoTheta | 0.217332 |
| AutoARIMA | 0.359228 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 23% |
| H-stat | 141.44 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.077 |
| Excess Kurtosis | -0.48 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2016-11-17 |
| Debt to Equity Ratio | 163.052 |
| Revenue per Share | 0.436 |
| Market Cap | 58,386,492 |
| Forward P/E | 50.69 |
| Beta | 1.34 |
| Previous Name | Cypherpunk Holdings Inc. |
| Website | https://solstrategies.io |
As of Oct. 10, 2026, 3:59 a.m. EDT: Speculators are overwhelmingly bullish, with open interest heavily skewed toward out-of-the-money calls at strikes of $3.00 and $4.00 for the October and January expirations. This positioning suggests a bet on a significant upside move, likely driven by the company's Solana ecosystem growth. Conversely, put activity is minimal and concentrated at lower strikes, indicating limited hedging against downside risk.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.6178862 |
| Address1 | 217 Queen Street West |
| Address2 | Suite 401 |
| All Time High | 34.32 |
| All Time Low | 0.208 |
| Ask | 1.77 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 428,020 |
| Average Daily Volume3 Month | 296,840 |
| Average Volume | 296,840 |
| Average Volume10Days | 428,020 |
| Beta | 1.338 |
| Bid | 1.4 |
| Bid Size | 1 |
| Book Value | 0.6013876 |
| City | Toronto |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.47 |
| Current Ratio | 0.084 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 1.52 |
| Day Low | 1.38 |
| Debt To Equity | 163.052 |
| Display Name | Sol Strategies |
| Dividend Yield | 0.0 |
| Ebitda | -5,918,122 |
| Ebitda Margins | -0.46273997 |
| Enterprise To Ebitda | -18.367 |
| Enterprise To Revenue | 8.499 |
| Enterprise Value | 108,698,528 |
| Eps Current Year | -2.49 |
| Eps Forward | 0.029 |
| Eps Trailing Twelve Months | -3.62 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,479,427,200 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.2992 |
| Fifty Day Average Change | 0.17079997 |
| Fifty Day Average Change Percent | 0.1314655 |
| Fifty Two Week Change Percent | -61.78862 |
| Fifty Two Week High | 3.95 |
| Fifty Two Week High Change | -2.48 |
| Fifty Two Week High Change Percent | -0.6278481 |
| Fifty Two Week Low | 0.847 |
| Fifty Two Week Low Change | 0.623 |
| Fifty Two Week Low Change Percent | 0.73553723 |
| Fifty Two Week Range | 0.847 - 3.95 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,610,116,200,000 |
| Float Shares | 30,939,549 |
| Forward Eps | 0.029 |
| Forward P E | 50.68966 |
| Free Cashflow | 3,237,069 |
| Full Exchange Name | NasdaqGS |
| Fullday Change | 0.060000062 |
| Fullday Change Percent | 4.2553234 |
| Fullday Price | 1.47 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 12,789,203 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.23589 |
| Held Percent Institutions | 0.03756 |
| Implied Shares Outstanding | 39,718,700 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Ipo Expected Date | 2,025-09-09 |
| Language | en-US |
| Last Fiscal Year End | 1,759,190,400 |
| Last Split Date | 1,754,352,000 |
| Last Split Factor | 1:8 |
| Long Business Summary | Sol Strategies Inc. invests in and provides infrastructure for the Solana Blockchain ecosystem. The company operates validator nodes on several Proof of Stake blockchain networks, primarily Solana and SUI, enabling transaction validation and block proposals; cryptocurrency staking; delegating tokens to validators for passive rewards. The company was formerly known as Cypherpunk Holdings Inc. and changed its name to Sol Strategies Inc. in September 2024. Sol Strategies Inc. was incorporated in 2002 and is headquartered in Toronto, Canada. |
| Long Name | Sol Strategies Inc. |
| Market | us_market |
| Market Cap | 58,386,492 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_23000460 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-13 |
| Net Income To Common | -144,612,464 |
| Next Fiscal Year End | 1,790,726,400 |
| Non Diluted Market Cap | 63,679,384 |
| Number Of Analyst Opinions | 1 |
| Open | 1.45 |
| Operating Cashflow | -10,743,737 |
| Operating Margins | -2.24191 |
| Payout Ratio | 0.0 |
| Phone | 416 480 2488 |
| Prev Name | Cypherpunk Holdings Inc. |
| Previous Close | 1.41 |
| Price Eps Current Year | -0.5903615 |
| Price Hint | 4 |
| Price To Book | 2.444347 |
| Price To Sales Trailing12 Months | 4.5652957 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.072 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.060000062 |
| Regular Market Change Percent | 4.2553234 |
| Regular Market Day High | 1.52 |
| Regular Market Day Low | 1.38 |
| Regular Market Day Range | 1.38 - 1.52 |
| Regular Market Open | 1.45 |
| Regular Market Previous Close | 1.41 |
| Regular Market Price | 1.47 |
| Regular Market Time | 1,791,916,925 |
| Regular Market Volume | 111,868 |
| Return On Assets | -0.07718 |
| Return On Equity | -2.1298301 |
| Revenue Growth | -0.412 |
| Revenue Per Share | 0.436 |
| Sand P52 Week Change | 0.17502642 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 39,718,700 |
| Shares Percent Shares Out | 0.0077 |
| Shares Short | 306,839 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 261,415 |
| Short Name | Sol Strategies Inc. |
| Short Percent Of Float | 0.008 |
| Short Ratio | 0.75 |
| Source Interval | 15 |
| State | ON |
| Symbol | STKE |
| Target High Price | 6.2 |
| Target Low Price | 6.2 |
| Target Mean Price | 6.2 |
| Target Median Price | 6.2 |
| Total Cash | 1,866,732 |
| Total Cash Per Share | 0.047 |
| Total Debt | 54,888,760 |
| Total Revenue | 12,789,203 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -3.62 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 1.39858 |
| Two Hundred Day Average Change | 0.07142007 |
| Two Hundred Day Average Change Percent | 0.051066134 |
| Type Disp | Equity |
| Volume | 111,868 |
| Website | https://solstrategies.io |
| Zip | M5V 0R2 |