SOL Strategies Inc. has filed a prospectus supplement establishing an at-the-market equity program to issue up to US$50,000,000 (approximately C$68,465,000) of common shares on the CSE and Nasdaq through Cantor Fitzgerald & Co., Cantor Fitzgerald Canada Corporation and Roth Capital Partners, LLC as agents. The common shares trade under "HODL" on the CSE and "STKE" on Nasdaq, with last closing prices on December 30, 2025 of C$2.14 and US$1.56, respectively. The agents will sell shares at prevailing market prices on a commercially reasonable efforts basis, with no minimum raise; the program may therefore result in only a partial take-up or none at all. SOL Strategies will pay a 3.0% selling commission, implying maximum agents' fees of US$1,500,000 (about C$2,053,950), and estimates commencement expenses of approximately US$400,000 (about C$547,720), excluding commissions. Net proceeds are intended for working capital and general corporate purposes, with broad management discretion and potential reallocation over time. The company, an Ontario-incorporated, Solana-focused digital asset investment and infrastructure firm, recently completed a listed issuer financing exemption private placement of 4,380,000 units for gross proceeds of C$30,003,000. The supplement details prior securities issuances, trading history, tax considerations for Canadian and U.S. investors, PFIC risk disclosure, eligibility for registered plans, and enforcement limitations for cross-border civil liabilities.

Canadian legal matters for the issuer are handled by Fasken Martineau DuMoulin LLP and for the Canadian agent by DLA Piper (Canada) LLP, with Troutman Pepper Locke LLP and DLA Piper LLP (US) advising on U.S. legal matters.