Crypto
Solana Company Posts Net Loss as Staking Revenue Grows Amid Market Volatility
Solana Company, a Nasdaq-listed treasury firm operating under the ticker DAT, reported a net loss of approximately $30.3 million for the second quarter.
The company generated around $2.5 million in revenue from staking its SOL holdings during the same period.
The net loss is largely attributed to non-cash impairment charges and mark-to-market adjustments on its digital asset holdings, a common accounting treatment for companies holding volatile cryptocurrencies.