SOL Strategies Inc. has launched STKESOL, a new liquid staking token designed to bring more flexibility to Solana staking. The product gives SOL holders a way to earn staking rewards while still keeping their assets usable in decentralized finance (DeFi). Consequently, the company is positioning STKESOL as both a customer tool and a business growth lever.
The launch also adds a fresh revenue stream alongside its validator operations and treasury strategy. SOL Strategies trades under CSE: HODL and NASDAQ: STKE. Additionally, it holds more than 427,000 SOL in its corporate treasury. According to the press release, the company plans to stake more than 500,000 SOL through STKESOL at launch.
Moreover, it wants the token to connect with DeFi platforms such as Kamino and Loopscale. That approach could increase adoption by placing STKESOL in products where users already borrow, lend, or earn yield. Hence, SOL Strategies is targeting both retail and advanced DeFi participants from day one.
From Treasury Accumulation to Onchain Expansion
SOL Strategies began accumulating SOL in June 2024 after shifting its strategy toward Solana. The firm then rebranded in September 2024, which signaled a stronger commitment to the ecosystem.
Additionally, it expanded validator coverage through acquisitions across multiple operators. These included Cogent, OrangeFin Ventures, and Laine.
Those deals helped the firm grow its staked SOL footprint across validator operations to around 3.3 million SOL. Significantly, the company kept operations spread across several validators. That strategy supports network resilience and reduces reliance on a single staking route.
Besides staking, SOL Strategies also added ecosystem exposure through direct token holdings. In June 2025, it acquired more than 52,000 JTO tokens and created a reserve for future projects.
STKESOL Targets a Growing Slice of Solana Staking
Liquid staking has gained traction on Solana as DeFi apps widened support for staked assets. SolanaFloor data shows about 454 million SOL staked across the network in early January 2026.
Liquid Staking Tokens (LSTs) represent around 14.06% of that total, which equals about 63.8 million SOL. However, most staked SOL still sits in native staking, leaving room for LST growth.
Other firms have moved into this market with similar products. In May 2025, DeFi Development Corp. introduced dfdvSOL using Sanctum infrastructure.
Additionally, exchanges such as Binance, Bybit, and BitGet launched BNSOL, bbSOL, and BGSOL. Moreover, Rex-Osprey’s Solana Staking ETF added jitoSOL in July 2025. This wave of launches shows strong demand for staking liquidity without sacrificing rewards.