Sol Strategies Inc. (STKE)Financial Services | Capital Markets | Toronto, Canada | NasdaqGS
1.23 USD
-0.11
(-8.209%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 1.28 +0.05 (4.065%) ⇧ (Aug. 28, 2026, 7:41 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:19 a.m. EDT
The investment case here is a stark dichotomy between a speculative catalyst and a fundamentally broken business. On the surface, the company boasts a 'strong buy' recommendation and a massive 851% annual gain, driven by a recent surge in validator network growth and revenue from the Solana ecosystem. However, looking past the headline numbers reveals a company in distress: revenue is contracting by nearly 19%, operating cash flow is deeply negative, and the balance sheet is precarious with debt exceeding equity by a factor of 163. The market is clearly pricing in a binary outcome where the crypto narrative overrides the deteriorating fundamentals, which explains the heavy call volume despite the negative statistical forecast. For a long-term investor, the lack of dividends, shrinking earnings, and high debt load make this a dangerous hold; the recent price rally appears to be a bubble fueled by sector hype rather than sustainable business quality. The short-term outlook remains fragile as the stock trades well below its 200-day average, suggesting the recent pop may be a temporary spike rather than a trend reversal. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.171447 |
| AutoTheta | 0.214994 |
| MSTL | 0.216663 |
| AutoETS | 0.224938 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 29% |
| H-stat | 2.05 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.222 |
| Excess Kurtosis | 0.15 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2016-11-17 |
| Debt to Equity Ratio | 163.052 |
| Revenue per Share | 0.436 |
| Market Cap | 48,568,864 |
| Forward P/E | -175.71 |
| Beta | 1.57 |
| Previous Name | Cypherpunk Holdings Inc. |
| Website | https://solstrategies.io |
As of Aug. 22, 2026, 1:19 a.m. EDT: Speculators are overwhelmingly bullish on the longer horizon, with massive open interest in out-of-the-money calls for October and January expirations at strikes significantly above the current price. This indicates a strong bet on a substantial price appreciation event. Conversely, put activity is minimal and concentrated near the money, suggesting limited hedging demand against a crash compared to the aggressive call positioning.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.79409957 |
| Address1 | 217 Queen Street West |
| Address2 | Suite 401 |
| All Time High | 34.32 |
| All Time Low | 0.208 |
| Ask | 1.24 |
| Ask Size | 1 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 282,680 |
| Average Daily Volume3 Month | 279,319 |
| Average Volume | 279,319 |
| Average Volume10Days | 282,680 |
| Beta | 1.571 |
| Bid | 0.9288 |
| Bid Size | 2 |
| Book Value | 0.87359244 |
| City | Toronto |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.23 |
| Current Ratio | 0.084 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 1.32 |
| Day Low | 1.2 |
| Debt To Equity | 163.052 |
| Display Name | Sol Strategies |
| Ebitda | -5,918,122 |
| Ebitda Margins | -0.46273997 |
| Enterprise To Ebitda | -17.166 |
| Enterprise To Revenue | 7.943 |
| Enterprise Value | 101,590,888 |
| Eps Current Year | -2.48 |
| Eps Forward | -0.007 |
| Eps Trailing Twelve Months | -3.32 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,479,427,200 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.1683 |
| Fifty Day Average Change | 0.061699986 |
| Fifty Day Average Change Percent | 0.052811764 |
| Fifty Two Week Change Percent | -79.40996 |
| Fifty Two Week High | 13.636 |
| Fifty Two Week High Change | -12.406 |
| Fifty Two Week High Change Percent | -0.9097976 |
| Fifty Two Week Low | 0.847 |
| Fifty Two Week Low Change | 0.38300002 |
| Fifty Two Week Low Change Percent | 0.4521842 |
| Fifty Two Week Range | 0.847 - 13.636 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,610,116,200,000 |
| Float Shares | 31,447,745 |
| Forward Eps | -0.007 |
| Forward P E | -175.71428 |
| Free Cashflow | 3,237,069 |
| Full Exchange Name | NasdaqGS |
| Fullday Change | -0.11 |
| Fullday Change Percent | -8.20896 |
| Fullday Price | 1.28 |
| 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 | 0.22427 |
| Held Percent Institutions | 0.03786 |
| Implied Shares Outstanding | 39,486,879 |
| 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 | 48,568,864 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_23000460 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-28 |
| Net Income To Common | -144,612,464 |
| Next Fiscal Year End | 1,790,726,400 |
| Non Diluted Market Cap | 51,790,324 |
| Number Of Analyst Opinions | 1 |
| Open | 1.32 |
| Operating Cashflow | -10,743,737 |
| Operating Margins | -2.24191 |
| Payout Ratio | 0.0 |
| Phone | 416 480 2488 |
| Post Market Change | 0.049999952 |
| Post Market Change Percent | 4.065037 |
| Post Market Price | 1.28 |
| Post Market Time | 1,787,960,473 |
| Prev Name | Cypherpunk Holdings Inc. |
| Previous Close | 1.34 |
| Price Eps Current Year | -0.49596775 |
| Price Hint | 4 |
| Price To Book | 1.4079792 |
| Price To Sales Trailing12 Months | 3.7976458 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.072 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | -0.11 |
| Regular Market Change Percent | -8.20896 |
| Regular Market Day High | 1.32 |
| Regular Market Day Low | 1.2 |
| Regular Market Day Range | 1.2 - 1.32 |
| Regular Market Open | 1.32 |
| Regular Market Previous Close | 1.34 |
| Regular Market Price | 1.23 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 359,524 |
| Return On Assets | -0.07718 |
| Return On Equity | -2.1298301 |
| Revenue Growth | -0.412 |
| Revenue Per Share | 0.436 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 39,486,879 |
| Shares Percent Shares Out | 0.006 |
| Shares Short | 236,771 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 251,800 |
| Short Name | Sol Strategies Inc. |
| Short Percent Of Float | 0.0062 |
| Short Ratio | 1.68 |
| Source Interval | 15 |
| State | ON |
| Symbol | STKE |
| Target High Price | 2.8 |
| Target Low Price | 2.8 |
| Target Mean Price | 2.8 |
| Target Median Price | 2.8 |
| 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 | -3.32 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 1.55318 |
| Two Hundred Day Average Change | -0.32317996 |
| Two Hundred Day Average Change Percent | -0.20807631 |
| Type Disp | Equity |
| Volume | 359,524 |
| Website | https://solstrategies.io |
| Zip | M5V 0R2 |