Slide 1: Investor Presentation November 2025
x Investor Presentation November 2025 Exhibit 99.1
Slide 2: Disclaimer
x 2 Disclaimer This presentation has been prepared by Solana Company (the “Company”) solely for information purposes. The information contained in this presentation has been prepared solely to assist interested parties in making their own evaluation with respect to the proposed transaction involving
Slide 3: Solana is fast, cheap and accessible
x 3 Solana is fast, cheap and accessible ● 912 transactions per second with <400ms block time and consistent uptime ● <$0.01 fees per transaction that enables high volume activities ● Accessible by anyone with a smart phone or internet connection Solana is the most widely adopted blockchain ● 7,500+
Slide 4: Solana is the Leading Blockchain Platform
x 0% 20% 40% 60% 80% 100% Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 SOL Relative Share of Real Economic Value Solana Ethereum 4 Solana is the Leading Blockchain Platform Source: Artemis, Blockworks, DeFiLlama, ElectricCapital & CoinMarketCap; Data as of or for the month of September 30, 2025
Slide 5: Decentralized Finance: Solana is #1 in DEX volumes
x $0 $50 $100 $150 $200 $250 $300 $350 Jul-22 Dec-22 May-23 Oct-23 Mar-24 Aug-24 Jan-25 Jun-25 (billions) Solana vs. Ethereum DEX Volumes1 Ethereum Solana Decentralized Finance Solana is #1 blockchain in DEX volumes Solana is the #1 chain used for asset issuance 0% 10% 20% 30% 40% 50% 60% 70% 80% 90
Slide 6: Global Platforms Choose Solana
x $0 $10 $20 $30 $40 $50 $60 $70 Jul-22 Nov-22 Mar-23 Jul-23 Nov-23 Mar-24 Jul-24 Nov-24 Mar-25 Jul-25 $0 $2 $4 $6 $8 $10 $12 $14 $16 Jul-22 Nov-22 Mar-23 Jul-23 Nov-23 Mar-24 Jul-24 Nov-24 Mar-25 Jul-25 (billions) Stablecoins PayPal launched PYUSD stablecoin on Solana to enable value transfer betwe
Slide 7: Solana Use Cases Are Gaining Traction
x Solana Use Cases Are Gaining Traction $500mm of real world assets (RWA) tokenized, making Solana one of the fastest growing blockchains for RWA issuance (1) BlackRock and Franklin Templeton launched tokenized MMFs on Solana Real World Asset Tokenization Decentralized Physical Infrastructure Networ
Slide 8: Institutional Capital Flows Are Just Getting Started
x Institutional Capital Flows Are Just Getting Started Market Participation & Integration Ecosystem Visibility & Institutional Access 43 Bitcoin ETFs 165 Public Companies Holding 21 Ethereum ETFs 16 Public Companies Holding 11 Solana ETFs Pending 5 Public Companies Holding SOL ETFs launched in the U
Slide 9: Debunking the Bear Case
x 4 Debunking the Bear Case Common Misconceptions Myth Solana only has Memecoins Reality Solana underpins global payments for companies including Visa and Worldpay. It’s leading DeFi innovation, with protocols like Jito and MarginFI redefining liquidity and yield. Myth Still in Beta Reality Solana h
Slide 10: Solana can be analyzed like a tech stock
x Solana can be analyzed like a tech stock 2021 2022 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 1H25 Daily Active Users 0.3 0.8 0.8 0.6 0.6 1.1 0.7 0.4 0.3 0.3 0.2 0.7 1.2 1.6 3.8 5.9 4.2 4.8 4.8 % Y/Y 85% 41% -12% -39% -50% -76% -72% 82% 351% 511% 1801% 768% 242% 202% 202%
Slide 11: Valuation & Potential Upside
x Global Payments TAM ($bn) $240,000 x Monetization % 0.2% Revenue TAM ($bn) $480 x Penetration % 10% SOL Revenue Potential ($bn) $48 Multiple 40x SOL Valuation ($bn) $1,920 (1) Run-rate free cash flow defined as 2Q25 annualized “Real Economic Value”, as measured by Blockworks $- $500 $1,000 $1,500
Slide 12: Why DATs?
x Why DATs? 12
Slide 13: Digital Asset Treasury Companies
x Raised YTD For DATs Total DAT Market Capitalization Digital Asset Treasury Companies What are they? • Digital Asset Treasury companies (DATs) are public companies whose primary strategy is to accumulate digital assets on their balance sheet; DATs do so through a combination of capital markets acti
Slide 14: Digital assets expanded into institutional treasuries
x Over just five years, digital assets have expanded from niche Bitcoin reserves into next-generation institutional treasuries in Ethereum & Solana Figures as of September 26, 2025 Timeline: Key Events Digital Asset Treasuries MSTR purchased its first BTC; the stock has returned over 2,100% since th
Slide 15: DAT Investment Thesis
x DAT Investment Thesis Why buying MSTR at 2.0x mNAV may make sense vs buying spot • Buying MSTR at 2.0x mNAV means buying 0.5 BTC instead of 1.0 BTC via spot • However, if MSTR can grow BTC-per-share 50%/year for two years, by the end of year two each share of MSTR has 1.1 BTC – more than the 1.0 B
Slide 16: Core Engine: DAT Value Creation Levers
x 16 Core Engine: DAT Value Creation Levers Holding Spot Solana Company Solana-per-Share Growth (SPS) mNAV Expansion Token Price Increase Drivers of Return Capital Markets Activity ● Issue stock at a premium ● Monetize volatility through convertible bonds, warrants and other securities ● Accretive C
Slide 17: Case Study: BitMine Immersion Technologies (BMNR)
x 6/30/25 10/19/25 BMNR Price Growth Contribution 17 Case Study: BitMine Immersion Technologies (BMNR) Transaction Overview ● BitMine Immersion (BMNR) launched in late June; Pantera was a strategic anchor investor ● BMNR has become the largest ETH DAT with 3.2mm ETH acquired ● BMNR has returned ~11x
Slide 18: Strategy & Sources of Differentiation
x 18 Strategy & Sources of Differentiation Global Marketing Introduce Solana to TradFi audience through: ● Advocate for Solana within TradFi—bridge public-market investors into the ecosystem. ● Consistent storytelling across major financial media to drive brand awareness. ● Establish sell-side resea
Slide 19: Solana Company Board & Executive Leadership
x Founder & Chairman Executive Chairman Joseph Chee Director Cosmo Jiang General Partner Advisor Dan Morehead Founder & Managing Partner CEO Dane Andreeff CFO Jeff Mathiesen Solana Company DAT Management Team PoNS Executive Team Solana Company Board & Executive Leadership 19
Slide 20: Pantera DAT Credentials & Milestones
x Pantera DAT Credentials & Milestones Evaluated Pitches Made Investments Launched Funds Pantera Digital Asset Treasury Funds: DAT Fund I (July Launch) DAT Fund II (Aug Launch) Combined Capital Raised: Our DAT Expertise Led Us Here… ~$400mm Invested in DATs Ahead of HSDT Partnership with the Solana
Slide 21: DATs are helping shape the digital assets industry
x DATs are helping shape the digital assets industry Long-term permanent capital vehicles Advocating and assisting token ecosystem A “third leg” balancing Foundation and Labs Active Ecosystem Participant (e.g. DeFi, Governance, Incubation) Access to a new investor base Future of DATs 21
Slide 22: DAT Market Consolidation
DAT Market x Consolidation • We believe we are nearing the end of the “genesis” phase of new DAT launches and are entering the execution and consolidation phase where high quality DAT with quality management teams may consolidate the smaller ones • Over the long term, we expect there to be 2-3 major
Slide 23: Investors Are Increasing Digital Asset Allocations
x 23 Investors Are Increasing Digital Asset Allocations A broader theme in 2025 has been the embrace of digital assets by traditional equity investors • Coinbase was added to the S&P 500 Index in May 2025 and Robinhood in Sep 2025 • Digital-assets equities like Robinhood and Coinbase have outperform
Slide 24: HSDT
x HSDT www.SolanaCompany.co Nasdaq Ticker: Follow us: @Solana_Company 24
Slide 25: Risk Factors
x Risk Factors Risks Related to the Company’s Business, SOL Strategy and Holdings The Company’s financial results and the market price of the Company’s shares of common equity may be affected by the prices of SOL. Investing in SOL will expose the Company to certain risks associated with SOL, such as