Sol Strategies CEO Leah Wald Steps Down as Firm Holds $89 million SOL

- Leah Wald steps down as Sol Strategies CEO on October 1, 2025. - Firm shifts leadership as $89 million SOL strategy continues under Michael Hubbard. Leah Wald, CEO of Sol Strategies, announced she will step down from her position. Her transformative leadership redefined the company, making it one of the first public firms to prioritize Solana investments. Wald will officially step down on October 1, 2025. The firm has appointed Michael Hubbard, its current Chief Strategy Officer and a board member, as interim CEO, who will oversee operations during the leadership transition. On September 22, 2025, The Block reported that Wald's tenure marked a significant strategic transformation for Sol Strategies. Under her leadership, the firm rebranded from Cypherpunk Holdings to focus on the Solana blockchain ecosystem. This pivot involved selling non-core assets to acquire SOL tokens and invest in Solana-based projects. At the time of the announcement, the firm held nearly 390,000 SOL, valued at approximately $89 million. Additionally, Sol Strategies has been working on several initiatives to grow its presence in the blockchain industry. These include establishing a validator business in the Solana ecosystem and completing a cross-listing process on the Nasdaq exchange. These developments remain ongoing as the company undergoes a change in leadership. According to CoinMarketCap on September 22, Solana (SOL) was trading at $217.01 as of 20:08 UTC, while its 24-hour trading volume had declined by 8.71%.