Solana firm Sol Strategies arrives at the Nasdaq: “Being underestimated is an advantage,” says the CEO

Solana Infrastructure and the firm of the Treasury Sol Strategies looks at itself as a loser in an increasingly busy market of cryptographic businesses and digital asset bonds, but does not care.

Canada -based company shares were put into operation for the negotiation in the Nasdaq stock exchange on Tuesday, increasing its exposure to investors beyond the Canadian Stock Exchange and the OTC markets where it was previously negotiated.

Although the shares ended the negotiation day with 7.5% to $ 7.37 on Friday, they ended the week that decreased 43% with respect to the debut.

“I see us as a loser,” said the executive director of Sol Strategies, Leah Wald Decipher. “We are a small technology company in a sea of ​​technology companies.”

Wald, who became the firm’s CEO in July 2024 After years of working in the cryptographic industry, he said he appreciates the opportunity to bring the fight to larger and better established companies in space.

“Being underestimated is absolutely an advantage. It gives us space to execute and concentrate on building without the distractions that entails being overvalued,” She said. “In cryptography, being underestimated often means that you are doing something well. The market rewards the substance on long -term advertising hype, and there is exactly where we want to be positioned.”

In that effort, the company has positioned itself as a central taxpayer to the Solana ecosystem, operating a validator business that obtains a performance of the delegated or stagnant assets to their validators.

Based on his August commercial updateIt now has 3.6 million delegated sun to its validators or more than $ 820 million in assets under delegation, which helps it duplicate its annualized revenues in the second quarter compared to the fourth quarter of last year.

Of the delegated assets, he earns around a yield of 8%, a percentage similar to the one he earns for rethinking the assets held in his Solana Treasury through his property validates, providing him with a double income current that he called “Market-Astic” in a recent presentation of investors.

In other words, he will earn a percentage in the active assets to their validators, regardless of whether the price of sun rises or low.

Building an effective business is the winning strategy that will finally allow the company to succeed where others can fail, “said Wald, who characterizes Sol strategies as a” Treasury of digital assets (DAT) ++ “.

“It is the strategy of three to five years to be the Treasury of Digital Assets (DAT), Plus, also,” said Wald. Decipher.

“The market likes Dat’s story,” he said. “We have a massive sun treasure and it is an explicit mandate of mine to grow … but the advantage is the business, that is where I think others will fail.”

Wald says that the additional advantage comes from the alignment of its treasury and validator business.

In addition to the 3.6 million Sun delegates to its validators, the company also has more than 435,000 sun, worth $ 100 million, in its balance sheet as part of its treasure strategy, placing it among the largest Solana Treasury companies that are quoted in the stock market.

However, he did not always focus on Solana.

He only obtained his new name a year ago this month, change of brand of Cypherpunk Holdings to Sol Strategies To align your brand with the rapid Capa-1. Before the change, the company had already begun to consolidate its approach to Solana, however, selling Bitcoin Holdings and Animoca Brands Actions To help reinforce your treasure.

Despite reaching the trend of the Solana treasure early, accumulating sun long before the asset reached its new historical maximum of $ 293 in January, Wald said that “it only becomes more optimistic” in Solana, citing the community activity and developers of the network.