Mr. Antanas Guoga reports

ANTANAS GUOGA ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO SOL STRATEGIES INC

Antanas Guoga, chair and director of Sol Strategies Inc. (formerly, Cypherpunk Holdings Inc.), has filed an early warning report regarding the acquisition of 3,986,200 common shares in the capital of the company through transactions between Nov. 11, 2024, and Nov. 15, 2024, through the facilities of the Canadian Securities Exchange (the CSE).

Prior to the completion of the acquisition, Mr. Guoga held an aggregate of 52,579,667 common shares and stock options entitling him to purchase up to two million common shares, representing approximately 35.97 per cent of the issued and outstanding common shares on an undiluted basis and approximately 36.83 per cent of the issued and outstanding common shares on a partially diluted basis. Upon completion of the acquisition, Mr. Guoga held an aggregate of 48,545,067 common shares and stock options entitling him to purchase up to two million common shares, representing approximately 33.21 per cent of the then issued and outstanding common shares on an undiluted basis and 34.11 per cent of the then issued and outstanding common shares on a partially diluted basis.

The acquisition was completed for investment purposes. Mr. Guoga has a long-term view of the investment and may acquire additional securities of the company either on the open market or through private acquisitions or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans, and/or other relevant factors.