While everyone's been copying MicroStrategy's Bitcoin strategy, Sol Strategies took a different approach. CEO Leah Wald and CTO Max Kaplan join me to discuss why they're building actual infrastructure around Solana instead of just holding tokens. Sol Strategies is a publicly listed company (CSE: HODL) - formerly Cypherpunk Holdings - that transformed from one of the first Bitcoin treasury vehicles in North America into a comprehensive Solana infrastructure company.
Sol Strategies now manages more than $500 million worth of SOL through its validators.
🎯 Inside the Episode:
• Why Sol Strategies chose Solana over Bitcoin & Ethereum
• How they generate yield through staking & validators
• Why native yield changes everything for crypto treasury companies
• Why premium to NAV won't last forever (and what comes next)
• The future of tokenised stocks and Solana DeFi
• Why institutional investors are finally paying attention
• Breakdown of Solana's performance vs. Hyperliquid
• What will change with new Solana validator clients like Firedancer & Alpenglow
Timestamps —
0:00 Introduction & The Vision for Solana Investment
5:40 Sol Strategies’ Journey and Investment Thesis
11:58 Market Dynamics and Fundraising
19:16 Why Sol Strategies is Bullish on Solana
27:10 Hyperliquid vs Solana
30:33 How is Solana going to get better?
34:39 The Future of On-Chain Assets & Revenue Diversification
👥 Guest:
Leah Wald – CEO at SOL Strategies Twitter: https://x.com/leahwald
Max Kaplan – CTO at SOL Strategies Twitter: https://x.com/maxekaplan
🎙️ Host: Saurabh Deshpande – DCo Podcast
Twitter: https://x.com/desh_saurabh
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