By admin 
SOL Methods, a Canadian public firm centered on Solana infrastructure, reported a web loss within the second quarter whilst income from staking and validating surged.
The corporate, which trades on the Canadian Securities Change (CSE) underneath the ticker HODL, reported a web 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 nearly solely by staking and validating earnings from its cryptocurrency holdings, significantly Solana (SOL) and Sui (SUI). The corporate earns earnings 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 announced 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 in the course of 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 latest 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 Could 27, the corporate filed a preliminary base shelf prospectus that may permit it to make choices of as much as $1 billion in frequent shares.
“The submitting of a base shelf prospectus helps our development technique by offering us with the flexibleness to entry capital as future alternatives come up within the quickly evolving Solana ecosystem,” SOL Methods CEO Leah Wald mentioned on the time.
Associated: Solana firms make moves on staking, treasury and compliance
Solana treasury firms on the rise
Solana treasury firms are following the footsteps of pioneers equivalent to Michael Saylor’s Technique. Nonetheless, as a substitute 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, saw its shares rise 630% after saying a $100 million increase and a SOL treasury technique.
Solana has seen a tumultuous journey 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 — But Solana ‘100x better’ despite revenue plunge