Research from Water Tower Research, Water Tower Research

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

Equity Research Firm

Equity Bottom-Up

<ul><li>Solana technology pioneer SOL Strategies, Inc. (NASDAQ: STKE, CSE: HODL) announced its 1QFY26 earnings, with total staking and validation revenue of C$2.1 million up 69% Y/Y. </li><li>The company had staking and validator rewards of 9,787 SOL, up from 4,441 SOL for the quarter ended December 31, 2024, an increase of 120%. </li><li>Total SOL holdings as of December 31, 2025, of ~529,000 SOL and SOL equivalent (~C$92.2 million) were up from 139,726 SOL (~C$38.1 million) on December 31, 2024.</li></ul>

Solana technology pioneer SOL Strategies, Inc. (NASDAQ: STKE, CSE: HODL) announced its 1QFY26 earnings, with total staking and validation revenue of C$2.1 million up 69% Y/Y. The company had staking and validator rewards of 9,787 SOL, up from 4,441 SOL for the quarter ended December 31, 2024, an increase of 120%. Total SOL holdings as of December 31, 2025, of ~529,000 SOL and SOL equivalent (~C$92.2 million) were up from 139,726 SOL (~C$38.1 million) on December 31, 2024.

STKE: 1QFY26 Earnings Show Staking and Validation Revenue Up 69% Y/Y

Sol Strategies

STKE: 1QFY26 Earnings Show Staking and Validation Revenue Up 69% Y/Y