Episode 11: Sol Strategies: The Infrastructure Revenue Model

Understanding SOL Strategies: The Future of Treasury Companies

In this episode of 'Old Men New Money,' Douglas Borthwick explores SOL Strategies (ticker: STKE), a pioneering Solana Treasury company that goes beyond simple asset accumulation. Unlike other treasury companies, SOL Strategies also operates validator infrastructure, earning fees from institutional clients and building a recurring revenue business. They manage over 3.6 million SOL and provide staking services for major institutions like ARC Invest and VanEck. The episode delves into their revenue streams, including staking yield, validator fees, and purchasing locked SOL at a 15% discount from the Solana Foundation. Borthwick also discusses why Solana's high throughput and low-cost blockchain make it the ideal platform for institutional applications. The episode concludes with an analysis of risks and strategic advantages, positioning SOL Strategies as a model for the future of treasury companies.

00:00 Introduction to SOL Strategies

00:48 Overview of SOL Strategies

06:28 Revenue Streams Explained

08:19 Validator Economics and Operations

12:02 Institutional Partnerships and Clients

15:36 Risks and Challenges

19:18 Conclusion and Next Steps

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