SOL Strategies Q2 Staking Revenue Drops 45% to CAD $1.15M as AUM Rises 15%
STKE•Staking and validation revenue declined 6% quarter-over-quarter to 9,171 SOL, equating to CAD $1.15 million, a 45% drop from the prior quarter driven by lower SOL prices. Assets under delegation rose 15% to 3.8 million SOL (CAD $453 million) with validators maintaining 100% uptime and a peak APY of 6.08%.
1. Q2 Financial Performance
For the quarter ended March 31, 2026, staking and validation revenue totaled 9,171 SOL, a 6% decline from 9,787 SOL in the prior quarter. In Canadian dollars, revenue fell to CAD $1,147,432, down 45% quarter-over-quarter primarily due to a drop in SOL market price.
2. Assets Under Delegation Growth
Assets under delegation grew 15% to 3.8 million SOL, representing CAD $453 million as of March 31, 2026. Validators maintained 100% uptime and delivered a peak annualized yield of 6.08%, outperforming the Solana network average of 5.74%.
3. SOL Holdings and Network Reach
Total SOL holdings increased to approximately 524,000 SOL, valued at CAD $60.6 million, compared with 435,159 SOL as of September 30, 2025. The company served over 34,000 unique wallets across its validator network at quarter-end.
4. Upcoming Investor Webcast
SOL Strategies will host a webcast and conference call on May 18, 2026 at 4:30 PM EST to discuss second quarter results and field questions, with a replay to be made available via the investor relations section of its website.
