SOL Strategies, a crypto investment firm, posted a $3.5 million net loss in Q2 despite seeing a big jump in revenue from staking and blockchain validation services. The company also tweaked its portfolio—loading up on SOL and adding SUI tokens while cutting back on Bitcoin earlier this year.

Editor’s Note: Even in crypto, old-school financial realities bite. SOL Strategies’ loss shows that booming niche revenues (like staking) don’t always offset broader losses—a reminder that crypto firms aren’t immune to bottom-line struggles. The portfolio shuffle hints at bets on newer blockchain projects, which could pay off… or leave them overexposed if markets turn. Investors will watch whether their SOL-heavy strategy is genius or gamble.