Solana Company (HSDT) adds another 2.2M SOL to treasury holdings – Here’s why
The post Solana Company (HSDT) adds another 2.2M SOL to treasury holdings – Here’s why appeared on BitcoinEthereumNews.com.
Key Takeaways Why is Solana Company (HSDT) in focus? The firm, formerly known as Helius Medical Technologies, expanded its digital asset treasury to over 2.2 million SOL. What does this mean for Solana’s ecosystem? Corporate SOL accumulation surged in 2025, with Forward Industries and others joining the trend. This positions SOL as an emerging treasury reserve asset. On 06 October 2025, Solana Company, formerly known as Helius Medical Technologies, announced a significant expansion of its digital asset treasury. It revealed that it now holds over 2.2 million Solana (SOL) tokens as part of its long-term accumulation strategy. Given the altcoin’s press time market price of around $235, it would mean that the company’s combined SOL and cash holdings now exceed a value of $525 million. Needless to say, the development highlights companies’ growing conviction in the Solana ecosystem. The latest announcement comes less than three weeks after the company closed its private placement offering on 18 September, which helped fund its ongoing SOL acquisitions. At the time, Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT, said, “Following in the footsteps of Michael Saylor at MicroStrategy and Tom Lee at BMNR, Solana Company is focused on maximizing shareholder value by efficiently accumulating Solana. Our Solana and cash holdings now exceed the initial capital raise amount in less than three weeks.” A growing Solana treasury trend According to data from CoinGecko, Solana accumulation by public companies has accelerated sharply in 2025. Millions of SOL have been added to corporate treasuries, particularly in September. Forward Industries currently holds the largest Solana treasury, with over 6.8 million SOL worth more than $1.5 billion – All accumulated last month. Other companies, including DeFi Development Corp, Upexi, and Bit Mining, have also made notable acquisitions in the last 30 days. Source: CoinGecko…
Filed under: News - @ October 6, 2025 9:25 pm