Nasdaq-listed Solana Company (ticker HSDT), formerly Helius Medical Technologies, continued to expand its Solana treasury this month, adding roughly 100,000 SOL worth about $20 million to bring total holdings to more than 2.3 million tokens, according to a Wednesday note.
The firm also reported an average of over 7% staking yield, edging out the top-ten validator average of roughly 6.7%.
Despite the onchain gains, HSDT shares have fallen more than 50% over the past month, trading near $6.75 on Wednesday, down from highs above $14 earlier in October, according to Google Finance data.
Solana Company (HSDT) Stock Price. Source: Google Finance
The update arrives amid a wave of institutional access to Solana. Grayscale Investments launched its Grayscale Solana Trust ETF (GSOL) on NYSE Arca on Wednesday, introducing staking for traditional investors, while Bitwise listed its own Solana ETF on the New York Stock Exchange a day earlier. Both funds went live despite the U.S. government shutdown that has curtailed SEC operations.
Other public companies are also expanding Solana-denominated balance sheets.
Forward Industries (FORD), now the largest Solana-focused treasury, recently formed a 25-member crypto advisory board after buying 6.8 million SOL, part of a $1.6 billion accumulation, and filing for a $4 billion at-the-market offering to fund further purchases.
Solmate Infrastructure (SLMT), which rebranded from Brera Holdings, said last week it had secured $50 million in discounted SOL from the Solana Foundation to power a new validator center in the UAE and pursue an “aggressive M&A strategy.”
Data from The Block’s corporate treasury dashboard shows public companies now hold roughly 16 million SOL, worth about $3.2 billion, up from near zero at the start of 2025.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
