SOL Strategies received FTX Payout (Patreon)

Sol Strategies Recovers Funds from FTX and Announces Increase in SOL Holdings and Staking Revenue - so it appears payouts are being made. I was not aware that HODL.CN had funds there.

My Table from Q&A a week ago

My Table Now - rem BTC and SOL price has fallen a lot since last week but SOL bag is up 14K SOL

This Data

October 03, 2024 10:36 AM EDT | Source: Sol Strategies Inc.

Toronto, Ontario--(Newsfile Corp. - October 3, 2024) - Sol Strategies Inc., (CSE: HODL) (OTC Pink: CYFRF) (formerly, Cypherpunk Holdings Inc., "Sol Strategies" or the "Company"), a Canadian company focused on blockchain investments, today announced the recovery of approximately CAD $825,450 (US $611, 494) in the form of USDC from Lucy Labs Flagship Offshore Fund SPC ("Lucy Labs") due to the recovery by Lucy Labs of capital held at FTX Trading Ltd ("FTX") pursuant to FTX's bankruptcy proceedings. The recovery represents a premium of 122% on the Company's original US$500,000 investment, which the Company had written off in December 2022, after FTX filed for Chapter 11 bankruptcy protection.

In addition to the recovered claim, Sol Strategies has increased its Solana investment holdings since its previous public update detailing its investment portfolio and financial activities.

• Solana Holdings Increase: The Company has increased its SOL holdings to 100,763.0230 SOL ($20.8 million(1)), which are currently held in Coinbase custody, including SOL used for staking. The average acquisition price of this SOL is approximately US$142.43, excluding commission and staking costs. As of July 31, 2024, the Company's last financial update, Sol Strategies' held 86,294.0575 SOL ($21.6 million).

• Solana Staking Revenue: The Company has generated gross revenue of 1,430 SOL ($282,910) from staking, with a gross profit of $266,680, since commencing staking on June 14, 2024.

• Bitcoin: The Company currently holds 56.2406 bitcoin in Coinbase custody, valued at approximately $4.8 million(1).

• Cash: As of the date hereof, the Company has approximately $1,795,000 in cash.

• Other Investments: The Company holds private equity/venture capital investments with a book value of approximately $442,000.