PANews reported on June 4 that SOL Strategies released its Q2 2025 financial report and May corporate update. The financial report shows that as of March 31, 2025, the company's six-month revenue was approximately $8.2 million, a year-on-year increase of 186%; Q2 revenue was approximately $2.5 million, compared to negative $67,000 in the same period of 2024. As of May 31, the company holds 395,000 SOL (approximately $61.62 million), most of which has been staked.
In May, the company completed a $20 million convertible bond financing to acquire 122,500 SOL and submitted a $1 billion short-term fundraising prospectus. Additionally, the company signed a memorandum of understanding 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 operates 4 validation nodes, serving over 5,500 wallets, with a validation node uptime rate of 99.995%. CEO Leah Wald stated that the company will continue to promote the institutional development of the Solana ecosystem.
According to previous news, SOL Strategies submitted a preliminary prospectus, intending to issue securities worth up to $1 billion.
