I just came across this press release from Solana Company (Nasdaq: HSDT), announcing its third-quarter 2026 results.
Revenue for the quarter was $3.4 million, up from $700,000 in the same period last year, mainly from staking income on its $SOL holdings; net income was $105.2 million, of which approximately $102.7 million was unrealized gains on digital assets. Staking rewards for the quarter totaled about 30,800 SOL, which were restaked.
As of September 30, the company held a total of approximately 2.4 million SOL across its various holdings, with a fair value of about $288.2 million. The company said Pacific Backbone had transitioned to operations, with approximately 1.3 million SOL delegated for staking, including about 1 million SOL from third parties. The average net staking yield for the quarter was 5.9%, about 1 percentage point above the network average of approximately 4.9%. The company also completed a private placement of about $15 million at a price 5% above net asset value and used the proceeds to buy approximately 125,000 SOL.
A large part of the profit moves with the coin price. Going forward, the key question is whether staking and infrastructure revenue can remain steady.
#$SOL #HSDT
Revenue for the quarter was $3.4 million, up from $700,000 in the same period last year, mainly from staking income on its $SOL holdings; net income was $105.2 million, of which approximately $102.7 million was unrealized gains on digital assets. Staking rewards for the quarter totaled about 30,800 SOL, which were restaked.
As of September 30, the company held a total of approximately 2.4 million SOL across its various holdings, with a fair value of about $288.2 million. The company said Pacific Backbone had transitioned to operations, with approximately 1.3 million SOL delegated for staking, including about 1 million SOL from third parties. The average net staking yield for the quarter was 5.9%, about 1 percentage point above the network average of approximately 4.9%. The company also completed a private placement of about $15 million at a price 5% above net asset value and used the proceeds to buy approximately 125,000 SOL.
A large part of the profit moves with the coin price. Going forward, the key question is whether staking and infrastructure revenue can remain steady.
#$SOL #HSDT
