SOL Strategies, which holds approximately 460,000 SOL (C$48 million) in its treasury, may need to sell part of its assets to meet liabilities totaling C$37.33 million, while only having C$1.87 million in cash as of June 30. More than half of its SOL holdings, representing 252,851 tokens valued at C$26.4 million, are already pledged to DeFi protocol Kamino Finance as collateral for a C$13.9 million loan, with automatic liquidation triggered if the loan-to-value ratio reaches 75%. The company posted a net loss of C$119.36 million for the nine months ended June, including C$61.95 million in digital asset revaluation losses and C$22.82 million in realized crypto losses, although actual cash consumed was only C$7.80 million. It already sold 65,001 SOL on June 8 at an average price of C$87.88 for proceeds of approximately C$5.75 million used to repay debt.
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