Solana Company Q3 Revenue Rises to $3.4 Million, Primarily from SOL Staking Rewards

According to a TechFlow report on November 12, citing The Block, Solana treasury company Solana Company released its Q3 financial data, with quarterly revenue reaching $3.4 million, up approximately 386% from $700,000 in the same period last year, mainly driven by staking rewards generated from its SOL holdings.

As of September 30, Solana Company held approximately 2.4 million SOL, with a fair value of about $288.2 million. The company earns returns by holding and staking SOL, making crypto asset staking its primary source of revenue.

Source: TechFlow