Sol Strategies Inc. Common Shares (STKE) - Net Assets
Based on the latest financial reports, Sol Strategies Inc. Common Shares (STKE) has net assets worth $114.78 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($169.60 Million) and total liabilities ($54.82 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Sol Strategies Inc. Common Shares strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $114.78 Million |
| % of Total Assets | 67.68% |
| Annual Growth Rate | 42.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 144.43 |
Sol Strategies Inc. Common Shares - Net Assets Trend (2021–2025)
This chart illustrates how Sol Strategies Inc. Common Shares's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see STKE market cap overview.
Annual Net Assets for Sol Strategies Inc. Common Shares (2021–2025)
The table below shows the annual net assets of Sol Strategies Inc. Common Shares from 2021 to 2025. Also explore STKE shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $114.78 Million | +329.51% |
| 2024-09-30 | $26.72 Million | +58.81% |
| 2023-09-30 | $16.83 Million | -28.65% |
| 2022-09-30 | $23.58 Million | -15.29% |
| 2021-09-30 | $27.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sol Strategies Inc. Common Shares's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3272147300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $161.92 Million | 141.07% |
| Total Equity | $114.78 Million | 100.00% |
Sol Strategies Inc. Common Shares Competitors by Market Cap
The table below lists competitors of Sol Strategies Inc. Common Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xreality Group Ltd
AU:XRG
|
$30.87 Million |
|
Auctus Alternative Investments Ltd
AU:AVC
|
$30.88 Million |
|
Shanghai Sanmao Enterprise Group Co Ltd B
SHG:900922
|
$30.88 Million |
|
Promise Technology Inc
TW:3057
|
$30.88 Million |
|
Euro Holdings Bhd
KLSE:7208
|
$30.86 Million |
|
The Peria Karamalai Tea & Produce Company Limited
NSE:PKTEA
|
$30.84 Million |
|
Avante Logixx Inc
V:XX
|
$30.84 Million |
|
Microbix Biosystems Inc.
TO:MBX
|
$30.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sol Strategies Inc. Common Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,723,624 to 114,780,653, a change of 88,057,029 (329.5%).
- Net loss of 35,035,126 reduced equity.
- Other comprehensive income decreased equity by 19,837,967.
- Other factors increased equity by 142,930,122.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-35.04 Million | -30.52% |
| Other Comprehensive Income | $-19.84 Million | -17.28% |
| Other Changes | $142.93 Million | +124.52% |
| Total Change | $- | 329.51% |
Book Value vs Market Value Analysis
This analysis compares Sol Strategies Inc. Common Shares's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.66x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | $1.66 | $1.10 | x |
| 2022-09-30 | $1.18 | $1.10 | x |
| 2023-09-30 | $0.86 | $1.10 | x |
| 2024-09-30 | $1.43 | $1.10 | x |
| 2025-09-30 | $4.99 | $1.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sol Strategies Inc. Common Shares utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -30.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -243.30%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.48x
- Recent ROE (-30.52%) is below the historical average (-9.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -4.22% | -998.18% | 0.00x | 1.12x | $-3.96 Million |
| 2022 | 1.52% | 171.76% | 0.01x | 1.01x | $-2.00 Million |
| 2023 | -37.33% | 0.00% | -0.07x | 1.01x | $-7.97 Million |
| 2024 | 24.73% | 70.27% | 0.33x | 1.08x | $3.94 Million |
| 2025 | -30.52% | -243.30% | 0.08x | 1.48x | $-46.51 Million |
Industry Comparison
This section compares Sol Strategies Inc. Common Shares's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $167,173,526
- Average return on equity (ROE) among peers: -19.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sol Strategies Inc. Common Shares (STKE) | $114.78 Million | -4.22% | 0.48x | $30.86 Million |
| American Bitcoin Corp (ABTC) | $-4.83 Million | 0.00% | 0.00x | $211.96 Million |
| Abits Group Inc. (ABTS) | $23.92 Million | -94.69% | 0.03x | $4.56 Million |
| Sphere 3D Corp (ANY) | $23.30 Million | -92.20% | 0.08x | $18.70 Million |
| Argo Blockchain PLC ADR (ARBK) | $27.19 Million | -4.19% | 0.19x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-777.81K | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $6.18 Million | -16.75% | 0.11x | $34.64 Million |
| Solowin Holdings (AXG) | $8.92 Million | -6.52% | 0.73x | $312.01 Million |
| BGC Group Inc. (BGC) | $1.23 Billion | 12.98% | 2.23x | $4.39 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.12 Million | 0.00% | 0.00x | $32.59 Million |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
About Sol Strategies Inc. Common Shares
Sol Strategies Inc. invests in and provides infrastructure for the Solana Blockchain ecosystem. The company operates validator nodes on several Proof of Stake blockchain networks, primarily Solana and SUI, enabling transaction validation and block proposals; cryptocurrency staking; delegating tokens to validators for passive rewards. The company was formerly known as Cypherpunk Holdings Inc. and … Read more