Statement of Assets and Liabilities - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Assets
Investment in solana, at fair value (cost $150,060 and $120,337 as of March 31, 2026 and December 31, 2025, respectively)	$ 97,449	$ 113,949
Total assets	97,449	113,949
Commitments and Contingencies (Note 6)
Net Assets
Shares, no par value (unlimited shares authorized) 9,900,000 and 7,775,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	0	0
Paid-in-capital	154,485	120,038
Total distributable earnings (loss)	(57,036)	(6,089)
Total Net Assets	$ 97,449	$ 113,949
Net Asset Value per share (9,900,000 and 7,775,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)	$ 9.84	$ 14.66