SOL Strategies Inc.’s DAT++ Model Drives Q4 Revenue — Quarterly Update Report

By Brandon Hornback

SOL Strategies Inc. (NASDAQ: STKE) finished 2025 connected a precocious note, validating the ongoing displacement from a passive crypto holder to an institutional-grade Solana infrastructure platform. The company’s DAT++ strategy is present translating straight into revenue, with validator commissions and staking rewards emerging arsenic recurring income streams.

2025 marked an important inflection constituent and the modulation is starting to wage off: Revenue reached C$14.5 million. STKE present operates astatine the halfway of the Solana network, combining a increasing SOL treasury with enterprise-grade validators that make output connected some owned assets and third-party delegated stake.

Momentum is carrying into the caller year: Street estimates constituent to continued top-line maturation arsenic organization information successful Solana accelerates, assets nether delegation grow to astir 3.3 cardinal SOL, and caller staking-related products travel online. This standard adds operating leverage that is little babelike connected short-term SOL terms movements.

Importantly, the reported FY25 nonaccomplishment was driven by non-cash and one-time items tied to acquisition expenses and the NASDAQ listing. Adjusted for bonzer items, STKE remained EBITDA-positive, underscoring improved portion economics arsenic the DAT++ exemplary matures.

With beardown liquidity, expanding organization adoption, and shares trading astatine a discount to underlying Net Asset Value, STKE appears good positioned for a imaginable re-rating.

Download the afloat study for a deeper look astatine the DAT++ model, validator economics, and the way to sustained worth instauration successful 2026 and beyond.

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Read Exec Edge’s Initiation connected STKE Here

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