The Solana treasury company’s results this quarter weren’t driven by market hype—they came from staking, which generated real revenue.
Third-quarter revenue reached $3.4 million, up from just $697,000 in the same period last year—nearly five times as much. About $3.3 million came from staking revenue, with gross profit of $2.7 million and a gross margin of roughly 82%.
As of the end of September, the company held about 2.4 million $SOL
, with a fair value of approximately $288.2 million. It earned a total of 30,800 SOL in staking rewards during the quarter, all of which was restaked. Its average net staking yield reached 5.9%, above Solana’s average of about 4.9% over the same period.
The most interesting thing about this earnings report isn’t how much SOL the company holds, but that its SOL has started generating a steady stream of income. The token price drives volatility; staking helps make the books look better each quarter.
Third-quarter revenue reached $3.4 million, up from just $697,000 in the same period last year—nearly five times as much. About $3.3 million came from staking revenue, with gross profit of $2.7 million and a gross margin of roughly 82%.
As of the end of September, the company held about 2.4 million $SOL
, with a fair value of approximately $288.2 million. It earned a total of 30,800 SOL in staking rewards during the quarter, all of which was restaked. Its average net staking yield reached 5.9%, above Solana’s average of about 4.9% over the same period.
The most interesting thing about this earnings report isn’t how much SOL the company holds, but that its SOL has started generating a steady stream of income. The token price drives volatility; staking helps make the books look better each quarter.
