Solana Company Accumulates $525M in SOL Treasury as Stock Surges 190%
Solana Company, previously known as Helius Medical Technologies, has significantly increased its holdings of Solana (#SOL) as part of a digital asset treasury strategy. The company now holds over 2.2 million SOL, with an additional $15 million in cash to support the strategy.
- The current value of SOL and cash exceeds $525 million, surpassing the recent private placement proceeds.
- The company emphasized Solana's network capabilities, including processing over 3,500 transactions per second and nearly 3.7 million daily active wallets.
- The estimated native staking yield for SOL is around 7%.
Cosmo Jiang of Pantera Capital noted that Solana Company's efficient accumulation strategy has already surpassed the initial capital raise.
Market activity shows HSDT trading actively on Nasdaq, with stock prices recently rising by 190% since the Solana treasury announcement.
- Other companies are also expanding their Solana treasuries, with Pantera Capital holding approximately $1.1 billion in SOL.
- Fitell launched an Australian SOL treasury with up to $100 million financing capacity.
- More than nine public companies across three countries collectively hold over 13 million SOL, accounting for 2.46% dominance of digital asset treasuries.
Several firms, including Galaxy Digital and Multicoin Capital, plan to raise $1 billion for a Solana-focused treasury, indicating a growing shift towards Solana's staking benefits.