SOL Strategies Locks 54.97% of Solana as Collateral

SOL Strategies has 54.97% of its Solana (SOL) assets locked as collateral for DeFi loans. As of June 30, 2026, the company's cash and cash equivalents amount to CAD 1,867,732, while current liabilities total CAD 37,334,826. The fair value of its digital assets is approximately CAD 48,270,000, of which CAD 26,000,000 has been provided as collateral for Kamino Finance credit facilities. The SOL collateral transferred to Kamino amounts to 252,851 SOL, representing 54.97% of the company's total holdings of 460,017 SOL. The Kamino credit facility has no maturity date, allowing the company to add collateral or withdraw some. However, if the loan-to-value (LTV) ratio exceeds 75%, automatic liquidation may occur. On June 8, SOL Strategies sold 65,001 SOL at an average price of CAD 87.88, repaying approximately CAD 5,750,000 of its debt. The company is currently exploring various liquidity management strategies, including cost reduction, swap aggregator revenue, and staking income.

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