Sol Strategies Inc.

We're about to begin. Good day, everyone. Welcome to the Soul Strategies fiscal quarter ended December 31st, 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's prepared remarks, we will conduct a question and answer session. In order to ask a question or make a comment, please press star 1 on your touchtone phone. On the call with us today is Leah Wald, Chief Executive Officer, Doug Harris, Chief Financial Officer, and Max Kaplan, Chief Technology Officer, and John Ragazzino from ICR. At this time, I'd like to turn the call over to Mr. John Ragazzino from ICR. John, please go ahead.

Good afternoon, and thank you all for joining the Sol Strategies Fiscal First Quarter 2025 Earnings Conference Call. Before we get started, I want to remind everyone that certain statements discussed on this call are based on information as of today, March 3rd, 2025, and contain forward-looking statements which are subject to risks and uncertainties given our operating history, market volatility, and industry growth. Trends could materially deviate from today's levels. As such, actual results could differ materially from our forward-looking statements. The comments made during this conference call were in the latest reports and CEDAR Plus filings, each of which can be found on our website, www.soulstrategies.io, or under our profile at www.cedarplus.ca. The company has made assumptions that no significant events occur outside the company's normal course of business, and the current trends in respect of digital assets continue. Listeners are cautioned that the metrics of our business may fluctuate and may increase and decrease from time to time, and such fluctuations are beyond the company's control. The company does not undertake any duty to update any forward-looking statements except where required by law. The company also wants to caution listeners that past performance is not indicative of future performance, and current trends in the business and demand for digital assets may not continue, and listeners should not put undue reliance on past performance and current trends. This call will touch on certain unaudited performance metrics of the business through the quarter ended December 31st, 2024, provided in the earnings press release issued today, and I would encourage each of you to review the forward-looking statements and risk factor disclosure, and similar disclosures in today's press release. Please note, the dollar amounts referenced are in Canadian dollars unless otherwise noted. Leah will review the sole strategies positioning within the rapidly growing digital assets industry and the December quarter. Doug will then present the financial highlights for the quarter, and Max will discuss our technology and operational initiatives before we open the floor for your questions. With that, let me turn the call over to Leah.

Thank you, John, and good afternoon, everybody. I'll briefly review Sol Strategies' positioning within the rapidly growing digital asset industry in the December quarter and update some key metrics. The December quarter was a pivotal period for us. While we acknowledge the recent volatility in Solana's price, we remain steadfast in our conviction that this is a long-term growth story, one in which Sol Strategies is uniquely positioned to lead. Market fluctuations are an inherent part of emerging asset classes, and as a company, we are focused on executing our strategy, strengthening our foundation, and continuing to drive value for our stakeholders, independent of short-term price movements. During the quarter, we saw a meaningful shift in the regulatory landscape, with the incoming U.S. administration signaling a more structured and pragmatic approach to digital asset oversight. this combined with global regulatory advancements has contributed to rising institutional confidence in blockchain networks particularly within the solana ecosystem further validating this momentum cme group announced on friday the upcoming launch of solana futures a major milestone that underscores the growing institutional demand for regulated for regulated crypto derivatives this development not only enhances solana's credibility and appeal amongst traditional finance players, but also expands the range of investment vehicles available, further solidifying its position as a premier blockchain well-suited for institutional adoption. This quarter marked a significant transformation for Sol Strategies as we fully transitioned into a technology-driven company with an exclusive focus on Solana's high-performance blockchain. While we provided a comprehensive market update last month, today we want to highlight our strategic vision, the tangible business progress we've made, and why we are uniquely positioned to capitalize on the most compelling opportunities in the space. We are successfully executing on our strategy despite market uncertainty. Our business strategy is built on three core pillars that we believe will drive rapid long-term sustainable growth regardless of short-term price fluctuations and market volatility. Number one, we provide best-in-class technology and infrastructure. We are developing a comprehensive suite of proprietary technology solutions that cater to institutional and retail participants in the Solana ecosystem. By enhancing security, reliability, and accessibility in Solana staking, we are removing barriers to entry and enabling broader adoption, particularly among institutions that demand significantly higher standards for transparency, compliance, and accountability, while maintaining the highest standards of performance. Some of these solutions include our staking app and our performance and reporting dashboards, which we continue to develop and look forward to providing future updates on. Number two, we are creating the premier institutional staking platform. As regulatory clarity improves, institutional adoption of digital assets is accelerating, and sole strategies are at the forefront of this shift. Our ISO 27001 certified security networks, transparent operational practices, and deep integrations with institutional partners position us as an ideal trusted infrastructure provider for institutions entering the Solana ecosystem. Number three, we have executed on strategic growth through acquisitions and partnerships. The December quarter was defined by deliberate and strategic expansion, including the acquisitions of Orange Fin Ventures, our second validator acquisition, to enhance our staking validator operations and strengthen our position as a premier staking services provider. These efforts align with four key growth pillars we outlined in our previous call. One, expanding our validator network to secure predictable high margin revenue streams. Two, investing in and building proprietary technology to enhance staking accessibility and yield optimization. Three, maintaining a strong financial position through strategic capital allocation, cash flow positive operations, and prudent balance sheet risk management. And four, upholding compliance and security to maintain trust and credibility with institutional partners. Additionally, we are formalizing institutional business partnerships and preparing for a potential uplisting to the NASDAQ later this year. Institutional demand for stable, high-yielding staking solutions continues to grow, and we are well-positioned to capture this momentum. We are proud to announce that Sol Strategies will serve as the staking provider for 3IQ's upcoming Stake Solana ETF, one of the largest digital asset manager issuers in North America. We believe that we are well-equipped and positioned to expand this business line in the ETF space. We've also begun the process to uplift sole strategies to NASDAQ. This move will enhance our visibility, improve access to institutional capital, and reinforce our leadership position as the largest publicly traded company focused exclusively on Solana. We are not waiting for opportunities. We are creating them. In addition to our expanding validator operations, we have formed strategic partnerships with TetraTrust, one of Canada's largest digital asset custodians, where we have integrated into their platform, and Neptune Digital Assets, whereby we are their exclusive staking provider. These partnerships extend our reach beyond passive staking to active sales-driven strategy that strengthens our position as a category leader, and we are just getting started. To conclude, while price fluctuations may capture the headlines, our focus remains unwavering, building a company that is operationally strong, financially resilient, and strategically positioned for long-term growth. We are executing a clear vision and have the team, technology, and partnerships in place to capitalize on the immense opportunity ahead. With that, I'll now hand it over to Doug for the financial highlights. Thank you.