Add as a preferred source on GoogleSolana Company Reports $3.4 Million in Q3 Revenue, Holds $288.2 Million in SOL
Staking drove most of the quarter’s revenue, while net income included a $102.7 million unrealized gain on digital assets and digital assets receivable.
Solana Company (Nasdaq: HSDT) reported $3.4 million in third-quarter revenue and held 2.4 million Solana (SOL) worth $288.2 million at Sept. 30.
Revenue rose from about $700,000 in the year-earlier quarter, with staking driving most of the latest quarter’s revenue.
Net income included a $102.7 million unrealized gain on digital assets and digital assets receivable.
The company held about 2.4 million SOL across all categories at quarter-end.
Solana Company priced a roughly $15 million registered direct offering at about a 5% premium to net asset value and used the proceeds to buy SOL.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.