Gemini sees 37% Q2 revenue growth to $45.5M, offset by $107.7M net loss due to weakened exchange trading and a $16.1M credit fraud provision.
Solana Company (HSDT) reported $2.512 million in Q2 staking revenue, but automatic restaking and $11.892 million in operational cash use meant staking did not fund operations. The firm relied on asset sales, equity, and divestments to cover costs.
Bitmine Immersion Technologies has surpassed 5 million staked Ether, generating an estimated $257 million in annualized revenue. While staking provides a crucial revenue buffer, other Ether treasury firms face unrealized losses due to declining spot prices.
Stablecoin Development Corporation (SDEV) reported $2.2 million in Q2 staking revenue, matching its cash operating expenses. However, the company recorded a $50.6 million unrealized loss on digital assets, leading to a significant net loss, with its balance sheet dominated by Sky Protocol's SKY tokens.
