SOL Strategies Announces Purchase of 88,433 SOL from LIFE Offering Proceeds

Toronto, Ontario--(Newsfile Corp. - October 14, 2025) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), the first publicly traded company to combine a substantial Solana treasury with a revenue-generating validator business, today announced the purchase of 88,433 SOL tokens from the proceeds of its recently closed C$30 million LIFE offering, at an average price of USD$193.93 per SOL.

The purchase includes approximately 79,000 locked SOL tokens acquired from the Solana Foundation at a 15% discount and the purchase of spot SOL tokens in the open market. Locked tokens will fully unlock after twelve months and are immediately fully staked to the Company's validators.

"This strategic deployment of capital from our LIFE offering demonstrates our commitment to expanding our Solana treasury at attractive valuations," said Michael Hubbard, Interim CEO of SOL Strategies. "Acquiring locked SOL at a 15% discount while immediately generating staking rewards through our validator infrastructure exemplifies our DAT++ strategy in action."

About SOL Strategies

SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.

To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

Investor Contact:
John Ragozzino, CFA
[e-mail]
203.682.8284

Media Contact:
[e-mail]

Company Contact:
Doug Harris
Chief Financial Officer
[e-mail]
Tel: [phone]

Cautionary Note Regarding Forward-Looking Information:

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".