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5h ago

Solana Company Says SOL Treasury Tops $525 Million After Rapid Accumulation

The Nasdaq-listed firm is building a yield-focused corporate treasury centered on staked Solana.

Solana Company (HSDT) adds another 2.2M SOL to treasury holdings - Here's why
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Overview

  • The company, formerly Helius Medical Technologies, disclosed holdings of more than 2.2 million SOL plus over $15 million in cash, valuing combined assets above $525 million at $232.50 per SOL.
  • The total now exceeds the gross proceeds from its September 18 private placement, a milestone the company says it achieved in under three weeks.
  • Executives describe a MicroStrategy-style accumulation strategy focused on Solana, with plans to stake tokens for an estimated native yield of about 7%.
  • Leadership reports rising institutional interest, highlighting momentum from Asia following recent regional digital asset conferences.
  • Shares closed up about 7.7% at $17.49 following the update, and market reports characterize the position as among the largest SOL treasuries held by a non-crypto-native public company.