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.
Previously, SOL Strategies submitted a preliminary prospectus, intending to issue securities worth up to $1 billion.
According to BlockBeats, on June 4th, CryptoQuant analyst Caueconomy stated in a post that the demand for retail Bitcoin with a trading volume of no more than $100000 on the chain has decreased by about 2.45% in the past 30 days, indicating that small investors have not yet reached a frenzy in the current market. Although these participants may use other investment tools such as ETFs and Bitcoin finance companies, on chain fund structures typically respond sensitively to these fund flows, and currently there are still no structural frenzy market characteristics.
Odaily Planet Daily News: According to the official announcement of TRON, the core developers have reached a preliminary consensus on the main network TRX production reduction plan. The latest proposal proposes to lower the block reward from 16 TRX to 8 TRX and the voting reward from 160 TRX to 128 TRX, aiming to accelerate the deflation process, optimize the network economy model, and ensure the long-term sustainable development of the network.
The proposal is expected to officially start voting on June 10, 2025 Singapore time. The community can still participate in scheme discussions through Github, and the final outcome will depend on on on chain voting.
According to the report "From Billions to Trillions: Stablecoins Use Cases Expected to Expand the Market" released by The Block Research, as of 2025, stablecoins have become the most important valuation asset in the cryptocurrency spot market, accounting for over 80% of total trading volume. Compared to the trading pattern dominated by BTC and the US dollar ten years ago, this shift highlights the core position of stablecoins in the current cryptocurrency ecosystem.
Ethereum co-founder Vitalik Buterin responded to Paradigm CTO Georgios Konstantopoulos' viewpoint on the X platform that "cross chain interoperability has been solved at the infrastructure level", stating that only when cross L2 operations can be comparable to native ETH transfers on L1 in terms of censorship resistance, trustlessness, and no need for intermediaries, can they be considered "truly solved". Vitalik calls this the 'no regression principle', emphasizing that the new system must retain the core properties of the original system, otherwise it cannot be considered as having sufficient completion.
