SOL Strategies Reports Q2 Loss Despite Staking Revenue Surge

Canadian firm SOL Strategies, focused on Solana infrastructure, faced a Q2 net loss of $3.5 million, even as its staking and validating income surged. The company reported a CA$4.8 million ($3.5 million) loss for the second quarter of 2025, while revenue jumped to CA$2.54 million CAD ($1.85 million) from just CA$67,000 in the same period last year. This growth was driven by staking and validating income from Solana (SOL) and Sui (SUI). SOL Strategies earns income by operating validator nodes and receiving rewards in the form of SOL and other tokens. They also capitalize on commissions from third-party delegations.