Sol Strategies shares surge 25.67% after-hours after reporting staking growth, $60M treasury, and naming permanent CEO.

SOL Strategies surged 25.67% in after-hours trading following its February 2026 business update, which highlighted significant growth in staking operations and governance upgrades. The company reported 33,568 unique wallets served, 691,039 SOL staked in its STKESOL platform (with 1,034 holders), and a 120% year-over-year increase in validator revenue. Treasury holdings reached ~CAD $60.1M, and Michael Hubbard was named permanent CEO, signaling leadership stability. The board refreshment, including two new independent directors, reinforced governance improvements. Management emphasized the scalability of four revenue streams—treasury stake, third-party delegation, liquid staking, and institutional services—alongside strong validator uptime (99.99%) and competitive APYs. These operational and strategic advancements, coupled with positive execution metrics, drove investor optimism, aligning with the sharp post-market rally.