Sono Group Swings to $0.6 Million Net Income in Third Quarter, Its First Full Quarter as a Bitcoin Treasury Company Holding 53.40 Bitcoin
Sono Group reported results for the third quarter ended September 30, 2026, on November 10, 2026. Net income was $0.6 million, compared with a net loss of $1.4 million a year earlier, and income from operations was $0.1 million, compared with an operating loss of $0.8 million.
The company said the quarter was its first full quarter after the May 4, 2026, sale of its legacy solar business, and the first in which results reflect its Bitcoin treasury strategy alone. The strategy centers on holding Bitcoin and generating option premium income through an institutional covered-call framework with Blockchain.com.
Third-quarter digital asset treasury income, net, was $0.7 million, consisting of a $1.5 million fair-value gain on Bitcoin holdings and $0.2 million of covered-call option income, net, partly offset by $1.0 million of losses on written covered calls exercised in the money. At September 30 the company held 53.40 Bitcoin with a fair value of $4.4 million, all pledged as collateral to Blockchain.com.
The net loss for the first nine months of 2026 was $5.1 million. The company said its proposed redomiciliation to Delaware will go to a shareholder vote in December 2026.
(Source: Sono Group)
Source: Sono Group
Published by GSM · USA (original Chinese edition)
Photo: 图：比特币实体币（资料图）。照片：CC BY-SA 3.0，经 Wikimedia Commons。 / Photo: Physical bitcoin coins (file photo). CC BY-SA 3.0, via Wikimedia Commons.
