NASDAQ Approves SOL Strategies Global Select Market Listing

Toronto, Ontario--(Newsfile Corp. - September 5, 2025) - SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) (formerly, Cypherpunk Holdings Inc, "Sol Strategies" or the "Company"), a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced that it has received approval to list its common shares on the Nasdaq Global Select Market ("Nasdaq").

SOL Strategies expects its common shares to begin trading on Nasdaq under the symbol "STKE" on September 9, 2025, at market open. The Company's shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "HODL". Upon commencement of trading on Nasdaq, the Company's shares will no longer trade on the OTCQB® Venture Market ("OTCQB") under the symbol "CYFRF". OTCB shareholders do not need to take any action regarding their existing shares, as they automatically convert to the Nasdaq listing.

This listing represents a significant milestone that enhances the Company's visibility among institutional investors and provides increased liquidity for shareholders while maintaining its commitment to advancing Solana blockchain infrastructure.

The Company's listing on Nasdaq remains subject to satisfaction of all applicable listing and regulatory requirements, including, but not limited to, the declaration of effectiveness of the Company's Form 40-F Registration Statement registering the Common Shares with the United States Securities and Exchange Commission (the "SEC").

"Joining Nasdaq aligns us with the world's most innovative technology companies and positions us to attract the institutional investors who recognize the transformative potential of Solana's infrastructure," said Leah Wald, Chief Executive Officer of SOL Strategies. "This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments. This Nasdaq listing represents more than just an achievement for SOL Strategies, it's validation for the entire Solana ecosystem. As a leading Solana-focused company to reach this milestone, we're proud to demonstrate the institutional quality and growth potential that exists within this high-performance blockchain ecosystem. Our listing opens new pathways for institutional capital to access Solana infrastructure through regulated and transparent markets."

The Company expects the Nasdaq listing to accelerate validator growth through institutional partnerships, enhance operational scalability as demand for Solana staking increases, and strengthen SOL Strategies' position as a leading institutional gateway to the Solana ecosystem.

About SOL Strategies

SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) is a Canadian company actively investing in, supporting, and providing infrastructure for the Solana blockchain ecosystem 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 SEDAR+ profile at www.sedarplus.ca.

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" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information"). All statements other than statements of historical fact may be forward‐looking information. More particularly and without limitation, this news release contains forward‐looking 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".

Forward-looking information in this news release includes statements regarding the

commencement of trading on Nasdaq, the anticipated benefits of the Nasdaq listing including enhanced market profile and trading liquidity, increased institutional participation, the intended impact on the Company and its shareholders, and the SEC's declaration of effectiveness of the Company's Form 40-F Registration Statement. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.

The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking information if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking information.

Disclaimer:

SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.

None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.

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