SOL Strategies announced its Q2 earnings report and announced a number of strategic developments, holding 395,000 SOL as of May 31

PANews
PANews
SOL+3.55%

PANews reported on June 4 that SOL Strategies released its financial report for the second quarter of 2025 and a corporate update for May. According to the financial report, as of March 31, 2025, the company's half-year revenue was about 8.2 million US dollars, a year-on-year increase of 186%; Q2 revenue was approximately $2.5 million, compared to negative $67,000 for the same period in 2024. As of May 31, the company held 395,000 SOL (about $61.62 million), most of which has participated in the pledge.

In May, the company completed a US$20 million convertible bond financing for the acquisition of 122,500 SOLs and submitted a US$1 billion short-term basic prospectus. In addition, the company signed a memorandum of cooperation with Superstate to explore equity tokenization solutions based on the Solana blockchain, and reached a strategic staking cooperation with DigitalX.

The company has also strengthened its compliance and security capabilities through SOC 1, SOC 2 and ISO 27001 audits. As of May 31, the company operated 4 validators, serving 5500+ wallets, and the uptime rate of validator nodes reached 99.995%. CEO Leah Wald said the company will continue to drive the institutionalisation of the Solana ecosystem.

Previously, SOL Strategies submitted a preliminary prospectus to issue securities worth up to $1 billion.

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