Ann: Becoming a substantial holder, page-17

You'd be crazy to let go of the ASX listing here.

Keep accumulating SOL and staking it to generate a yield and go CF positive.

If NAV > Market Value of their crypto holdings the company should seek to arbitrage the difference and purchase more crypto with it. Easiest way to do that is via incremental equity issuance (At-The-Market facility) but perhaps relinquishing % control of the entity will probably be considered unfavourable by Tony G.

So will be an interesting watch to see what strategy he used to fuel more crypto purchases. I do note that Sol Strategies signed a convertible note facility to expand their SOL holdings. The interest on the note being paid in SOL, and calculated to be up to 85% of the staking yield generated by the SOL acquired through their $500m convertible note facility.

https://solstrategies.io/sol-strategies-secures-up-to-usd-500-million-convertible-note-facility-to-expand-sol-holdings/

Keen to hear what other peoples thoughts are regarding the way forward from here. Lots of potential and I am a lot more comfortable now with Tony G in control.