Mr. Michael Hubbard reports

SOL STRATEGIES MARCH 2026 MONTHLY BUSINESS UPDATE

Sol Strategies Inc. has provided a comprehensive corporate update for the month of March, 2026.

Institutional validator expansion: During March, Sol Strategies expanded its institutional staking footprint following Balance's integration of the company's validator as a solana staking provider for its custody clients. Balance, Canada's oldest and largest digital asset custodian, evaluates staking providers independently on the basis of uptime reliability and third party compliance certifications. Orangefin has consistently maintained 100-per-cent uptime through the most recent reporting period and operates under Sol Strategies' institutional compliance framework, which includes ISO 27001, SOC 1 and SOC 2 Type 2 certifications. This milestone reflects continued institutional adoption of the company's validator infrastructure.

Annual general meeting of shareholders (AGM): The company held its annual general meeting of shareholders on March 31, 2026. Voting results, board composition updates, and approved resolutions were announced and are available on-line, or in the company's filings on SEDAR+.

Appointment of CEO (chief executive officer) and CSO (chief strategy officer): Following the AGM on March 31, 2026, the board of directors of the company confirmed two leadership appointments. Michael Hubbard has been appointed chief executive officer, having served as interim CEO since Oct. 1, 2025. Mr. Hubbard has led the company's operational and strategic direction during a period of validator network expansion and the launch of STKESOL.

Steve Ehrlich has joined Sol Strategies as chief strategy officer. Mr. Ehrlich is a serial entrepreneur with extensive experience building and scaling financial services businesses. He co-founded Voyager Digital and previously founded Lightspeed Financial, a retail trading platform. In his role as CSO, Mr. Ehrlich will focus on deepening institutional relationships and advancing the company's growth across the Solana ecosystem.

Leadership transition update: On March 17, 2026, Sol Strategies announced that Max Kaplan will resign as chief technology officer effective April 30, 2026, to pursue new opportunities. The company does not intend to immediately fill the CTO role, and expects validator operations, staking services and core infrastructure to continue uninterrupted under its existing engineering team and leadership structure.

Investor engagement events: The company also advanced investor engagement and corporate initiatives during the month, including participation in a Water Tower Research fireside chat where management discussed recent financial results, 2026 strategic priorities and the continued growth of institutional staking.

STKESOL liquid staking platform:

• Total sol staked in STKESOL: 768,022 SOL;
• Unique STKESOL holders: 1,176.

Validator network operations:

• Assets under delegation (AuD): 3,813,468 SOL (including treasury stake and third party delegation);
• Unique wallets served: 34,078;
• Validator uptime: 100 per cent across all proprietary validators;
• Peak APY delivered: 6.17-per-cent (Orangefin) versus 5.89-per-cent network average;
• Net SOL earned in March from proprietary validators: 1,019 SOL.

Company treasury holdings:

Total treasury SOL (including liquid staked SOL): 533,040 SOL (approximately $60,851,846).

Management commentary

Michael Hubbard, chief executive officer of Sol Strategies, stated: "March highlighted the institutional validation we've been working toward. Balance's integration of our validator for their custody clients demonstrates that our compliance infrastructure and operational track record meet the standards required by regulated Canadian institutions.

"The AGM provided governance clarity as we move forward with an updated board. We're focused on executing across our four revenue streams and continuing to build trusted infrastructure for the solana ecosystem."

Upcoming investor events

Event:  WaterTower Insights Conference

Date:  April 14 to April 15, 2026

X Spaces Sessions: Throughout March, Sol Strategies hosted two X Spaces discussions led by CTO Max Kaplan. Mr. Kaplan spoke with Viktor, core contributor at Kamino, about liquidity dynamics and security requirements for institutional participants deploying capital on-chain. He then discussed with Pablo of SolanaFloor the forces driving both retail and institutional activity on solana and how the network's diverse use cases position it to serve participants across the ecosystem. Summaries are available on the company's blog. Follow Sol Strategies on X to join future conversations.

About Sol Strategies Inc.

Sol Strategies is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.

We seek Safe Harbor.