SOL Strategies CEO Leah Wald Resigns, Interim Leader Named
SOL Strategies CEO Change: Leah Wald Departs
SOL Strategies, a Solana Treasury company, has announced that CEO and Director Leah Wald will step down from her position, effective October 1, 2025. Wald announced her departure via X, stating her intent to pursue new opportunities in AI and financial technology.
Wald joined SOL Strategies in July 2024. During her tenure, she spearheaded the company’s transformation from Cypherpunk Holdings into a Solana-focused infrastructure provider. Key achievements include a NASDAQ cross-listing and the development of the Solana treasury model.
Michael Hubbard Appointed Interim CEO
Following Wald's departure, Michael Hubbard, the current Chief Strategy Officer and Director, will serve as Interim CEO. Hubbard founded Laine, a Solana validator acquired by SOL Strategies earlier this year. Laine had over 5.5 million SOL delegated at its peak.
According to the official announcement, Hubbard's deep understanding of the Solana ecosystem and innovative ideas – including the potential tokenization of company stock on-chain – are expected to drive the continued growth of SOL Strategies.
Key Priorities
- Infrastructure Expansion: Focusing on growing SOL Strategies' infrastructure services.
- Solana Ecosystem: Strengthening the company's position within the Solana blockchain.
Strategic Shift and Executive Search
This leadership change comes at a pivotal time as SOL Strategies transitions from broader crypto/treasury investing to infrastructure, staking, and Solana-centric financial models. SOL Strategies currently holds approximately 435,064 SOLSOL tokens, valued at roughly $89 million.
The company has initiated an executive search, supported by an external firm, to identify a permanent CEO. In the interim, Hubbard will lead the company, with a focus on expanding its infrastructure services within the Solana ecosystem.
This change could affect SOL strategies' trajectory as a key player in the Solana ecosystem. Companies undergoing leadership transitions may benefit from robust smart contract security audits to ensure continuity and stability during the shift. Codeum provides audit services for these needs.