PANews reported on June 4 that SOL Strategies released its second quarter financial report for 2025 and a corporate update for May. The financial report shows that as of March 31, 2025, the company's half-year revenue was approximately US$8.2 million, a year-on-year increase of 186%; Q2 revenue was approximately US$2.5 million, while the same period in 2024 was negative US$67,000. As of May 31, the company held 395,000 SOL (approximately US$61.62 million), most of which had been pledged.

In May, the company completed a $20 million convertible bond financing to acquire 122,500 SOLs and submitted a $1 billion short-term basic fundraising prospectus. In addition, the company signed a memorandum of cooperation with Superstate to explore equity tokenization solutions based on the Solana blockchain, and reached a strategic pledge cooperation with DigitalX.

The company has also passed SOC 1, SOC 2 and ISO 27001 audits to consolidate its compliance and security capabilities. As of May 31, the company operates 4 verification nodes, serving 5,500+ wallets, and the normal operation rate of verification nodes is 99.995%. CEO Leah Wald said that the company will continue to promote the institutional development of the Solana ecosystem.

Earlier news, SOL Strategies submitted a preliminary prospectus, planning to issue securities with a maximum value of US$1 billion .