SOL Strategies releases Q2 financial report and announces multiple strategic developments, holding 395000 SOLs as of May 31 SOL Strategies has released its Q2 2025 financial report and May corporate update. According to the financial report, as of March 31, 2025, the company's half year revenue was approximately $8.2 million, a year-on-year increase of 186%; Q2 revenue was approximately $2.5 million, compared to a negative $67000 for the same period in 2024. As of May 31st, the company holds 395000 SOLs (approximately $61.62 million), most of which have been pledged. In May, the company completed a $20 million convertible bond financing to acquire 122500 SOLs and submitted a $1 billion short-term basic fundraising prospectus. In addition, the company has signed a memorandum of cooperation with Superstate to explore equity tokenization solutions based on the Solana blockchain, and has reached a strategic pledge partnership with DigitalX. The company has also strengthened its compliance and security capabilities through SOC 1, SOC 2, and ISO 27001 audits. As of May 31st, the company operates 4 verification nodes, serving over 5500 wallets, with a normal operation rate of 99.995% for verification nodes. CEO Leah Wald stated that the company will continue to promote the institutionalized development of the Solana ecosystem.