SOL Methods, a Canadian public firm targeted on Solana infrastructure, reported a internet loss within the second quarter whilst income from staking and validating surged.
The corporate, which trades on the Canadian Securities Change (CSE) below the ticker HODL, reported a internet lack of CA$4.8 million ($3.5 million) for the second quarter of 2025, whereas income for the interval surged to CA$2.54 million CAD ($1.85 million) from CA$67,000 in the identical interval a yr earlier.
SOL Methods’ income development was pushed virtually completely by staking and validating revenue from its cryptocurrency holdings, notably Solana (SOL) and Sui (SUI). The corporate earns revenue by working validator nodes and receiving rewards within the type of SOL and different tokens, each from belongings it self-delegates and from commissions on third-party delegations.
SOL Methods, which introduced an issuance of $500 million in convertible notes in April, stacked extra SOL and added SUI, however dramatically decreased its Bitcoin (BTC) holdings. General, its cryptocurrency holdings worth stood at CA$48.3 million CAD ($35.2 million) on March 31.
Regardless of the rise in income pushed by staking, SOL Methods’ working and non-operating bills weighed on the quarterly efficiency. The corporate recorded CA$$8.52 million ($6.21 million) in complete bills throughout the quarter, together with over CA$3.22 million ($2.35 million) in share-based compensation and CA$2.54 million ($1.85 million) in amortization associated to current acquisitions of validator infrastructure.
Further prices included CA$974,000 ($710,000) in skilled charges, CA$669,000 ($488,000) in curiosity bills, and different administrative and consulting outlays. These bills, tied to its ongoing enlargement technique, outpaced its crypto income.
On Might 27, the corporate filed a preliminary base shelf prospectus that might permit it to make choices of as much as $1 billion in widespread shares.
“The submitting of a base shelf prospectus helps our development technique by offering us with the pliability to entry capital as future alternatives come up within the quickly evolving Solana ecosystem,” SOL Methods CEO Leah Wald stated on the time.
Associated: Solana corporations make strikes on staking, treasury and compliance
Solana treasury firms on the rise
Solana treasury firms are following the footsteps of pioneers comparable to Michael Saylor’s Technique. Nevertheless, as an alternative of hoarding Bitcoin (BTC), they consolidate SOL.
A kind of firms, DeFi Growth Corp, added $11.5 million in SOL in April. In the meantime, Upexi, a Nasdaq-listed firm, noticed its shares rise 630% after asserting a $100 million elevate and a SOL treasury technique.
Solana has seen a tumultuous trip in 2025. It was the blockchain of alternative for US President Donald Trump’s memecoin, Official Trump (TRUMP), which catapulted the SOL token to a excessive of $296 on the launch.
Journal: Memecoins are ded — However Solana ‘100x higher’ regardless of income plunge
