02:07 PM EDT, 05/27/2025 (MT Newswires) -- Sol Strategies ( CYFRF ) on Tuesday said it filed a preliminary short form base shelf prospectus US$1 billion to increase its financial flexibility going forward.

The company said upon the filing and receipt of a final base shelf prospectus, it will be permitted to make offerings of common shares, warrants, subscription receipts, units, debt securities, or any combination thereof for up to a maximum amount prescribed in the final base shelf prospectus and over the period which the base shelf prospectus is effective.

"This strategic move enhances our ability to act decisively when compelling investment opportunities present themselves," said SOL Strategies ( CYFRF ) Chief Executive Leah Wald.

Shares of the company were last seen down 8% at $3.42 on the Canadian Securities Exchange.

Price: 3.38, Change: -0.32, Percent Change: -8.65