📉 Solana Company reported $2.5 million in Q2 revenue, with $2.512 million coming from staking its SOL holdings.
Despite that, the company posted a $30.3 million net loss. A $25.4 million realized loss on digital assets and higher operating expenses were major factors behind the result.
The numbers raise an interesting question about the sustainability of crypto treasury companies.
#Solana #SOL #CryptoNews #Crypto #Staking #Blockchain #DigitalAssets #Web3 $SOL
Despite that, the company posted a $30.3 million net loss. A $25.4 million realized loss on digital assets and higher operating expenses were major factors behind the result.
The numbers raise an interesting question about the sustainability of crypto treasury companies.
#Solana #SOL #CryptoNews #Crypto #Staking #Blockchain #DigitalAssets #Web3 $SOL