SOL Strategies Q2 2025 net loss of $3.5 million

BlockBeats News: On June 3rd, SOL Strategies, a Canadian global publicly traded company, recorded a net loss of $3.5 million in the second quarter of 2025, despite significant growth in its pledge and verification revenue. According to the financial report, the company's Q2 revenue reached 1.85 million US dollars, a significant increase from the same period last year's 67000 US dollars, mainly due to Solana and Sui's staking and node verification rewards, including self owned asset staking and third-party commission income. As of March 31st, the total value of the company's encrypted assets reached 35.2 million US dollars, including newly added SUI assets, while significantly reducing BTC exposure. In April of this year, SOL Strategies announced the issuance of $500 million convertible notes and recently submitted a pre application for up to $1 billion in securities issuance to support its expansion strategy in the Solana ecosystem. Despite revenue growth, its total quarterly expenses reached $6.21 million, including $2.35 million in equity compensation and $1.85 million in amortization expenses, mainly from the recent acquisition of validator infrastructure. In addition, it also includes professional fees of $710000 and interest expenses of $488000, far exceeding its cryptocurrency income.