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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<ul><li>Solana technology pioneer SOL Strategies (CBOE- CA: HODL) announced its 2Q25 earnings, with revenue of C$3.0 million from validators and staking.</li><li>The company reported adjusted EBITDA of $796,000 versus ($1.56) million in 3QFY24. SOL Strategies saw a realized loss of $546,000 on dispositions of cryptocurrencies in the quarter.</li><li>The company had C$3.2 million in cash at the end of the quarter. </li></ul>

Solana technology pioneer SOL Strategies (CBOE- CA: HODL) announced its 2Q25 earnings, with revenue of C$3.0 million from validators and staking.The company reported adjusted EBITDA of $796,000 versus ($1.56) million in 3QFY24. SOL Strategies saw a realized loss of $546,000 on dispositions of cryptocurrencies in the quarter.The company had C$3.2 million in cash at the end of the quarter. 

Sol Strategies, Inc: 3QFY25 Earnings Validate Business Model

Cypherpunk Holdings

Sol Strategies, Inc: 3QFY25 Earnings Validate Business Model