Sol Strategies, a Canadian public company dedicated to Solana’s infrastructure, reported a net loss in the second quarter despite income from staking and verification to grow.
The company, trading in the Canadian Securities Exchange (CSE) under the Ticker Hodl, reported a loss of CA $ 4.8 million ($ 3.5 million) for the second quarter of 2025, while income for the weather advanced to CA $ 2.54 million CAD ($ 1.85 million) from CA $ 67,000 a year before a year before.
Sol strategies’ income growth is driven almost by staking and validating income from cryptocurrencies, especially Solana (Sol) and sui (Sui). The company earns revenue by running validator nodes and receiving rewards in the form of Sol and other tokens, both from these properties are self-delegates and from commissions to third-party delegations.
Sol strategies, that announced an release of $ 500 million In the convertible notes in April, Sol was stacked more and added the SUI, but it was noticeably reduced Bitcoin (Btc) Holdings. Generally, the amount of cryptocurrency holds stands at CA $ 48.3 million CAD ($ 35.2 million) on March 31.
Despite increasing income driven by staking, operational and non -operational techniques will weigh in in quarterly performance. The company recorded CA $ 8.52 million ($ 6.21 million) at total quarter costs, including more than CA $ 3.22 million ($ 2.35 million) in sharing based on compensation and CA $ 2.54 million ($ 1.85 million) in amortization related to recently taking validator infrastructure.
Additional costs include CA $ 974,000 ($ 710,000) in professional fees, CA $ 669,000 ($ 488,000) in interest costs, and other outministrative and consulting outlays. These costs, which are tied to its ongoing approach to expanding, have exceeded the crypto income.
On May 27th, the company Filed an initial base shelf prospectus That will provide to make offering up to $ 1 billion in standard shares.
“Filing a base shelf prospectus supports our growth strategy by giving us flexibility to access capital as future opportunities have emerged in the rapid emergence of Solana’s ecosystem,” Sol Strategies CEO Lea Wald said at that time.
Related: Solana companies move on staking, treasury and compliance
Solana’s treasury companies on the rise
Solana treasury companies follow in the footsteps of pioneers such as Michael Saylor’s approach. However, instead of shaking bitcoin (Btc), They combined Sol.
One of those companies, Defi Development Corp, Added $ 11.5 million to Sol in April. Meanwhile, UPEXI, a company listed in Nasdaq, Saw its shares rise by 630% After announcing a $ 100 million increase and a Sol Treasury approach.
Solana saw a chaotic ride in 2025. This is the blockchain selected for us Memecoin by President Donald TrumpOfficial Trump (Trump), which has cited a sol token at a high $ 296 launch.
Magazine: Memecoins are ded – but solana ‘100x better’ in spite of income plunge
