Ep 43 — Why it's not NAV but Native Yield with Leah and Max from Sol Strategies

While everyone's been copying MicroStrategy's Bitcoin strategy, Sol Strategies took a different approach. CEO Leah Wald and CTO Max Kaplan join me to discuss why they're building actual infrastructure around Solana instead of just holding tokens. Sol Strategies is a publicly listed company (CSE: HODL) - formerly Cypherpunk Holdings - that transformed from one of the first Bitcoin treasury vehicles in North America into a comprehensive Solana infrastructure company.Sol Strategies now manages more than $500 million worth of SOL through its validators.🎯 Inside the Episode:• Why Sol Strategies chose Solana over Bitcoin & Ethereum• How they generate yield through staking & validators• Why native yield changes everything for crypto treasury companies• Why premium to NAV won't last forever (and what comes next)• The future of tokenised stocks and Solana DeFi• Why institutional investors are finally paying attention• Breakdown of Solana's performance vs. Hyperliquid• What will change with new Solana validator clients like Firedancer & AlpenglowTimestamps —0:00  Introduction & The Vision for Solana Investment5:40  Sol Strategies’ Journey and Investment Thesis11:58  Market Dynamics and Fundraising19:16 Why Sol Strategies is Bullish on Solana 27:10 Hyperliquid vs Solana30:33 How is Solana going to get better?34:39  The Future of On-Chain Assets & Revenue Diversification👥 Guest:Leah Wald – CEO at SOL Strategies Twitter: https://x.com/leahwaldMax Kaplan – CTO at SOL Strategies Twitter: https://x.com/maxekaplan🎙️ Host: Saurabh Deshpande – DCo PodcastTwitter: https://x.com/desh_saurabh📬 Stay Updated: Subscribe to DCo Newsletter → https://www.decentralised.co/subscribeFollow DCo on Twitter → https://x.com/Decentralisedco This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.decentralised.co