SOL Strategies Shares Soar 21% as February Update Highlights Validator Growth

• SOL Strategies shares surged 20.97% on March 4, as its February business update was released.
• The companys Solana validator network expanded to more than 33,500 unique wallets.

SOL Strategies has provided its monthly business update for February 2026, which highlights progress in its Solana-focused operations. The company claimed progress on its staking and validator infrastructure throughout the month, as its shares surged by almost 21%.

According to the update, which was released on March 4, Solana-focused treasury and infrastructure firm SOL Strategies Inc., based out of Canada, mentioned that its Solana validator network is expanding to more than 33,568 unique wallets in February, up from the 31,000 announced on Feb. 2, and the other driver of growth is STKESOL, a liquid staking platform, surpasses 690,000 SOL staked by over 1,000 holders. .

Performance Metrics for February 2026

SOL Strategies reported 3,873,652 SOL in assets under delegation, including treasury stake and third-party delegations. In February, the company generated around 1,276 SOL in net revenues from its proprietary validators.

As per the update, the company maintains 99.99% validator uptime and achieves a peak Annual Percentage Yield of 6.47% through Orangefin, above the Solana network average of 6.09%. With that, the company revealed that it had 518,139 SOL in total treasury holdings, including liquid staked SOL, worth about CAD $60.1 million.

Further, Michael Hubbard, Interim CEO of SOL Strategies, stated, “Validator revenue grew 120% on a SOL basis year-over-year, proving our revenue model scales independent of token price. STKESOL crossing 690,000 SOL staked and 1,000 holders in its first weeks shows we built something the market actually wants, adding another pillar to our staking business.”

With that, on March 4, the shares of SOL Strategies Inc. surged 20.97% and were trading at $1.50 per share, though the stock has fallen 76% over the past six months,

SOL Price Update

According to CoinMarketCap, Solana was trading at $91.25, up 0.40% at the time of writing, after reaching an intraday high of $93.73. The daily trading volume also climbed 5.05% to reach $6.01 billion. In a broader sense, Solana coin is still down over 11% over the past month and has declined 68% from its previous peak of $294.33 on January 19.