Sol Strategies, a Canadian publicly-traded holding company, has emerged as an excellent beta Solana project, showing a strong correlation with the popular altcoin. 

The stock price is up 107% over the past 30 days, largely owing to the ongoing bull rally in the cryptocurrency market. Since April 21, two days before the company announced its landmark $500 million convertible note facility to expand its Solana holdings, Sol Strategies shares have surged by nearly 200%. 

With its latest partnerships with DigitalX and Superstate, Sol Strategies appears poised for a strong bullish continuation, establishing itself as one of the best Solana stocks to buy today. 

Investors can buy SOL Strategies stock, listed under the ticker symbol HODL on the Canadian Securities Exchange (CSE) and CYFRF on the OTCQB.

Meanwhile, alternative beta bets on Solana continue to be in high demand, with the new presale token Solaxy (SOLX) emerging as one of the standout picks that is attracting significant whale investments. 

Sol Strategies — The MicroStrategy of Solana

Sol Strategies, a Toronto-listed digital asset company, is successfully establishing itself as the MicroStrategy of Solana. 

Last month, the company signed an agreement with ATW Partners for the issuance of a $500 million convertible note, aiming to expand its Solana holdings and staking the purchased $SOL on validators operated by Sol Strategies. 

Last week, the company announced that it has fully deployed the initial $20 million tranche received by ATW, acquiring 122,524 $SOL at an average price of $148.96. 

Sol Strategies now has a holding of 395,708 $SOL, worth nearly $69.64 million. While the company is still in the early stages of executing the MicroStrategy playbook, investors have been quick to recognize its potential. 

Popular crypto influencer Gum (@0xGumshoe) highlights how Sol Strategies could soon hold nearly 0.5% of all SOL — assuming Solana’s fully-diluted market capitalization remains $105 billion after the company fully deploys its $500 million note. 

$480M of $SOL buy pressure coming.
From one single player.@solstrategies_ has already bought $20M in May.
They’re aiming for up to $500M in the future.

Think that’s not a lot?
> Saylor owns ~2.4% of BTC.
> They could buy up to 0.5% of all SOL.

Almost no one's talking about… pic.twitter.com/8Gfafl0J7h

— gum (@0xGumshoe) May 12, 2025

The company continue to establish itself as a major player in the Solana ecosystem. For instance, a publicly-traded Australian firm DigitalX has partnered with Sol Strategies for its Solana staking. 

Last week, Sol Strategies revealed plans to tokenize its shares on the Solana blockchain through Superstate’s regulated “Opening Bell” platform — aiming to be the first public issuer to do so.

In a bid to reach out to retail investors, the company has launched the Orangefin mobile app, allowing users the ability to stake SOL through their phone. 

INTRODUCING THE ORANGEFIN MOBILE APP: Now available on Android, iOS, and @solanamobile !

– Stake SOL from your phone
– No seed phrases required
– 0% commission & one of the highest APYs
– App audited by @HalbornSecurity 🔒

Download today! pic.twitter.com/1pAIZ1VLuD

— SOL Strategies (CSE: HODL | OTCQB: CYFRF) (@solstrategies_) April 25, 2025

All eyes are now on Sol Strategies CSO Michael Hubbard speaking at the Solana Conference next week. 

Sol Strategies Stock Price Doubles In 30 Days – Does It Still Have A Strong Upside?

Sol Strategies have established itself as one of the best Solana beta projects and crypto stocks to invest in. 

Following its April 21st bottom, the tech stock has appreciated by nearly 200% and is currently up by nearly 100% over the past 30 days. 

However, it still has substantial upside, as indicated by its bullish technicals. Sol Strategies has flipped its macro downtrend (marked in yellow). 

Moreover, its Elliot Wave counts suggest that the stock is still in its 3rd impulsive wave. The subsequent 4th and 5th waves could potentially result in a new all-time high, especially since investors are anticipating a strong bull rally continuation in the crypto market. 

Whales Also View Solaxy As One of the Best Solana Projects

Smart money investors are hunting for alternative Solana stocks, looking to buy early the next 100x crypto. 

Whales are now betting on Solaxy (SOLX), a pioneering Solana Layer-2 token, to be among the top-performing cryptos in the upcoming bull run. 

Just today, a whale swapped 150 ETH, worth nearly $400,000, to invest in the SOLX presale, adding to the token’s growing list of six-figure investments. 

Last week, another whale purchased $200k worth of SOLX, strengthening its case of one of the best Solana tokens to buy now. 

Behin such heavy whale buys, the Solaxy presale has already raised $36 million in short order. 

Much like Sol Strategies, Solaxy could soon establish itself as an integral part of the Solana ecosystem. Its cuttinfg-edge Layer-2 scaling solution aims to deliver low-latency transactions, high scalability and zero downtime, even during the periods of heavy network congestion. 

With much to offer for both investors and developers, Solaxy is aiming to capture a significant portion of Solana’s market share as well, especially when it comes to new project launch. 

Several prominent analysts and crypto influencers are now calling SOLX one of the best Solana presales to invest in, with many eyeing upwards of 10x gains from it. 

Visit Solaxy Presale

This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.