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Solana Company Says It Holds Over 2.2 Million SOL, Valuing Treasury Above $525 Million

The Nasdaq-listed firm outlines a long‑term SOL treasury strategy focused on staking yield, targeting deeper institutional interest.

Solana Company (HSDT) adds another 2.2M SOL to treasury holdings - Here's why
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Solana company emerges as major corporate holder of sol tokens

Overview

  • Helius Medical Technologies, now operating as Solana Company (Nasdaq: HSDT), disclosed holdings of more than 2.2 million SOL plus over $15 million in cash, citing a $232.50 reference price as of Oct. 6.
  • The combined value tops $525 million, which the company notes exceeds the gross proceeds from its private placement that closed on Sept. 18.
  • Management said the cash reserves will be used to further expand the digital asset treasury, positioning the company as a long‑term SOL holder with staking to capture native yield.
  • Shares rose following the update, with one outlet reporting a 7.7% advance to a $17.49 close as trading volume picked up.
  • Executives pointed to growing institutional interest, particularly in Asia, as the company joins other public firms building SOL treasuries, including Forward Industries and DeFi Development Corp.