SOL Strategies may sell part of its Solana treasury to meet staggered obligations after reporting C$1.87 million in cash and C$37.33 million in current liabilities as of June 30. About C$22 million of its digital assets were unencumbered and available for conversion into fiat, while 252,851 SOL worth C$26.4 million was pledged to Kamino Finance against roughly C$13.9 million of debt. The Kamino loan has no fixed maturity but can trigger automatic collateral liquidation if its loan-to-value ratio reaches 75%. Management said cash, crypto and other resources should support operations for at least 12 months, supported by cost reductions, staking (locking crypto to earn rewards), validator operations, HoudiniSwap revenue, selective SOL sales, securities issuance and possible borrowing through its ATW convertible note facility. The company used C$7.80 million in operating cash during the nine months through June and reported a C$119.36 million net loss, including C$61.95 million in digital-asset revaluation losses, C$22.82 million in realized crypto losses and C$16.11 million in impairment charges. It has already sold 65,001 SOL for roughly C$5.75 million and raised capital through debt conversions and an at-the-market equity program, but further financing could increase dilution or future liabilities.