SOL Strategies Inc. (Nasdaq: STKE) announced fiscal year 2025 revenue of CAD 14.5 million, primarily driven by its DAT++ strategy, which generates sustainable income through validator commissions and staking rewards. The company operates the core infrastructure of Solana, managing a growing SOL treasury and enterprise validators. Although the company experienced a net loss for fiscal year 2025 due to non-cash acquisitions and listing costs, it maintained positive EBITDA on an adjusted basis. As the delegated asset size expanded to approximately 3.3 million SOL and new staking products were launched, the company's business model demonstrated a reduced dependence on short-term SOL price fluctuations.