SOL▼$65.18 Strategies cut debt by selling 65,001 SOL, marking its first disclosed Solana sale since September 2025.
SOL Strategies, a Toronto-based Solana treasury company listed on the Canadian Securities Exchange and Nasdaq, said in a June 8 press release that it sold 65,001 SOL at an average price of about $63.
The sale raised about $4 million, which the company said was used to settle debt.
Based on the company’s previously disclosed 521,174 SOL holdings as of June 1, the sale represents about 12.5% of its Solana reserves. Assuming no other changes, the Toronto-headquartered company would have about 456,173 SOL left after the sale.
The company described the move as part of “active treasury management” during market volatility. SOL Strategies CEO Michael Hubbard said:
“Today’s announcement reflects a decision to reduce debt and further clean up our balance sheet to assist us to fully focus on the operating businesses. With an improved balance sheet, a week into owning Houdini Swap and other ongoing product developments, the priority remains the Solana Economy.”
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SOL Strategies Still in The Top 10
The sale also comes shortly after SOL Strategies took ownership of Houdini Swap, a privacy-focused crypto swap platform. Hubbard said the company is now a week into owning Houdini Swap and remains focused on the Solana economy.
Houdini Swap has processed more than $2.7 billion in cumulative swap volume since launch and generated about $13 million in revenue in 2025, the company said in the press release.
Following the sale, SOL Strategies shares dropeed more than 3% on the Canadian Securities Exchange, but soared 2.38% on Nasdaq, per Google Finance.
SOL Strategies is the eight-largest SOL treasury company, per CoinGecko’s ranking. The largest one is Forward Industries, which has over 7 million SOL tokens, valued at current prices above $463 million.
