Solana Company Reports $3.4M Quarterly Revenue as Staking Business Expands

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Solana Company reported revenue of $3.4 million for the third quarter ended September 30, compared with $697,000 a year earlier. The company held approximately 2.4 million SOL and earned 30,800 SOL in quarterly staking rewards, which it restaked. Its Pacific Backbone infrastructure had about 1.3 million SOL delegated, including roughly one million from third parties. These activities separate the company’s own assets from services provided to external clients. Growing revenue beyond the size of its token treasury will depend on attracting third-party delegations and generating profitable commissions after operating costs.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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