Solana Company, previously known as Helius Medical Technologies, just announced a big move. The firm now holds over 2.2 million SOL tokens in its treasury. Company leaders say this strategy aims to grow shareholder value. It shows a clear plan to build up Solana (SOL) as a key asset.
The company is listed on Nasdaq under the ticker HSDT. Together, its Solana holdings and cash reserves come close to USD $530 million. This puts Solana Company among a growing group of public firms treating digital assets like a traditional part of their balance sheet. This trend picked up steam with Michael Saylor at MicroStrategy, who championed Bitcoin as a corporate reserve, and more recently, Tom Lee at BitMine.
Taking a Page from Strategy
Cosmo Jiang, a general partner at Pantera Capital and an observer on Solana Company’s board, pointed out the goal. He said the company wants to “maximize value for shareholders through efficient accumulation of Solana.” Jiang explained that this effort reflects a wider institutional belief in blockchain networks beyond just Bitcoin and Ethereum. This insight was reported by The Block.
Joseph Chee, the company’s executive chairman, added his thoughts. He stated that institutional interest, especially from Asia after recent digital asset conferences, has been “stronger than expected.” Solana Company’s plan solidifies its standing as a major player. It is adopting SOL as a key treasury asset, much like how MicroStrategy, BitMine, or Marathon Digital use Bitcoin.
Solana’s Growing Institutional Footprint
In recent months, the Solana ecosystem has been attracting serious money. Businesses are looking for ways to get direct or indirect exposure to its fast network. Just last week, VisionSys launched its own Solana treasury initiative. They partnered with the staking protocol Marinade Finance for this venture.
At the same time, Forward Industries committed USD $1.65 billion to tokenized shares built on Solana. This effort has strong backing from big names like Galaxy Digital, Jump Crypto, and Multicoin Capital. Other publicly traded companies, including DeFi Development Corp., Sol Strategies, and Upexi, have also embraced treasury strategies centered on SOL. These moves are part of a broader shift. Financial institutions are spreading their investment bets beyond Bitcoin (BTC) and Ethereum (ETH). They are choosing networks that offer better technology and can handle more transactions.
The Path to a US Solana ETF
Institutional interest got another boost from Grayscale. The firm enabled staking for its Ethereum exchange-traded funds and its Solana Trust. This decision could pave the way for one of the first spot Solana ETFs in the United States.
🚀 Solana Company accumulates over 2.2 million SOL in its treasury
This Nasdaq-listed firm seeks to maximize shareholder value through an accumulation strategy.
With assets and cash totaling nearly USD $530 million, it reinforces its commitment to… pic.twitter.com/qvRF3PWfh6
— Diario฿itcoin (@Blaze Trends)
A potential Solana ETF would open the doors wider for institutions. It would offer traditional investors a regulated and transparent way to access Solana (SOL). As the cryptocurrency market expands beyond its two biggest players, Solana Company’s strategy sends a clear message. It shows strong confidence in Solana’s technology and its ability to pull in global institutional money.
Solana’s price has been holding steady around USD $234. It saw a positive gain of +3.61% during the day, according to market data. This price bounce comes as crypto-based financial products are seeing fresh interest. This is due to regulatory progress and higher institutional trading volumes.
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