Significant Increase in Staked SOL and Validator Operations
Sol Strategies reported a 1,612% increase in staked SOL, from approximately 101,000 SOL valued at $20.9 million to approximately 1.7 million SOL valued at $634 million. Annualized staking revenues increased by 2,887%, reaching $9.9 million.
Financial Turnaround with Comprehensive Income
The company achieved a total comprehensive income of $9.4 million for fiscal 2024, an increase of $15.8 million from a total comprehensive loss of $6.5 million in fiscal 2023. This was due to increased investment income and realized gains on cryptocurrencies.
Strong Financial Position and Strategic Capital
Sol Strategies secured a $25 million revolving credit facility and $30 million in capital led by ParaFi Capital, with $72 million in liquidity, supporting their strategic opportunities and validator operations.
Upgrade to OTCQX Listing
Sol Strategies upgraded to an OTCQX listing on January 1, 2025, enhancing U.S. trading volumes and liquidity.