Solana Company Reports Q3 Revenue of $3.4 Million, Holds Approximately 2.4 Million SOL with Fair Value of About $290 Million

November 12, according to The Block report, Solana Company announced third-quarter revenue of $3.4 million, a strong increase compared to $700,000 in the same period last year. The Block said that the quarterly revenue was mainly contributed by staking yields from its SOL holdings.

The report also said that as of September 30, Solana Company held approximately 2.4 million SOL, with a fair value of about $288.2 million. The Block pointed out that the staking yields generated by the above SOL holdings were the main source of the company's revenue this quarter.