Canadian-based SOL Strategies is a publicly traded Solana-centric company that has stockpiled the network’s native token—but it doesn’t want to be confused with the growing list of digital asset treasuries (or DATs) that have merely focused on accumulating SOL, the network’s native token.
“Our thesis is that there’s no sustainable market for digital asset treasuries,” SOL Strategies Interim CEO Michael Hubbard told Decrypt. “That’s not an interesting business model.”
“They’re a proxy financial engineering play that largely was driven by short-term hype. I almost want to say greed, but that seems a bit strong,” he added. “I think we’ll see one or two long-term sustainable or successful DATs that kind of control the…
Nov 22 2025
