According to PANews, SOL Strategies released its financial results for Q2 2025 along with a corporate update for May. As of March 31, 2025, the company reported half-year revenue of approximately $8.2 million, representing a 186% increase compared to the previous year. Q2 revenue reached around $2.5 million, a marked turnaround from a $67,000 loss in the same quarter of 2024. By May 31, SOL Strategies held 395,000 SOL tokens valued at about $61.62 million, with the majority staked.
In May, the company completed a $20 million convertible bond financing to acquire 122,500 SOL tokens and filed a short-term base fundraising prospectus for up to $1 billion. SOL Strategies also signed a memorandum of understanding with Superstate to explore equity tokenization solutions on the Solana blockchain and formed a strategic staking partnership with DigitalX.
Furthermore, SOL Strategies has enhanced its compliance and security measures by successfully completing SOC 1, SOC 2, and ISO 27001 audits. As of May 31, it operates four validator nodes with over 5,500 wallets served and maintains a node uptime of 99.995%. CEO Leah Wald emphasized the company’s commitment to advancing institutional adoption within the Solana ecosystem.
Earlier, SOL Strategies filed a preliminary prospectus for an initial public offering aiming to raise up to $1 billion through securities issuance.
