Grayscale Solana Trust (the Trust) is one of the first securities solely invested in and deriving value from the price of Solana (SOL) that enables investors to gain exposure to SOL in the form of a security while avoiding the challenges of buying, storing, and safekeeping SOL, directly. Shares of the Trust (based on SOL per Share as indicated below) are designed to track the SOL market price, less fees and expenses. Solana is a digital asset that is created and transmitted through the operations of the peer-to-peer Solana Network, a decentralized network of computers that operates on cryptographic protocols. The Solana Network allows people to exchange tokens of value, called SOL, which are recorded on a public transaction ledger known as a blockchain