Solana News Today: Institutions Diversify Portfolios with Solana Treasuries, Mirroring Bitcoin's Early Moves

Helius Medical Technologies Inc. (NASDAQ: HSDT), rebranded as the "Solana Company," has announced plans to acquire more than 5% of the total Solana (SOL) supply and pursue a secondary listing in China Hong Kong within six months. The firm currently holds 2.2 million SOL tokens, with $15 million in cash earmarked for further accumulation, valuing its combined holdings at over $525 million as of October 6, 2025. This strategic move aligns with growing institutional interest in Solana's blockchain, which processes over 3,500 transactions per second and offers a 7% native staking yield.

The company's treasury strategy mirrors approaches taken by firms like MicroStrategy (MSTR) and BitMine (BMNR), which have aggressively accumulated Bitcoin and Ethereum, respectively. Cosmo Jiang of Pantera Capital, a board observer at HSDT, emphasized the efficiency of HSDT's accumulation, noting that its holdings now exceed the proceeds from a recent private placement. Joseph Chee, HSDT's executive chairman, highlighted strong institutional interest in the Solana ecosystem, particularly in Asia, as a catalyst for the Hong Kong listing.

Publicly traded Solana treasuries have expanded in 2025, with cumulative holdings across companies and funds reaching approximately 17.8 million SOL (3.1% of total supply). HSDT's planned acquisition would position it as one of the largest single institutional holders if fully executed. The firm's strategy leverages Solana's high throughput and low-cost infrastructure, which supports 3.7 million daily active wallets and 23 billion transactions year-to-date.

Institutional backing for HSDT includes Pantera Capital and Xia Yan Capital, with the Solana Foundation collaborating on ecosystem development. The Hong Kong listing aims to deepen access to Asian institutional investors and align with regional digital-asset growth. While the timeline remains contingent on regulatory approval and market conditions, the firm has outlined a six-month target for execution.

Solana's institutional adoption has accelerated despite recent price volatility. As of October 2025, SOL traded at $189.12, underperforming Ethereum's 17% monthly gain. However, industry leaders like REX Financial's Greg King argue that Solana's scalability and developer adoption-7,500 new developers onboarded in 2024-position it as a core holding for traditional portfolios. Pantera Capital, managing $1.1 billion in digital asset treasuries, has invested in multiple Solana-aligned ventures, including HSDT.

The shift toward Solana treasuries reflects a broader trend of corporate diversification beyond Bitcoin and Ethereum. Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly raising $1 billion for a separate Solana treasury vehicle, signaling confidence in the blockchain's long-term utility. HSDT's dual focus on neurotech innovation and Solana stewardship underscores the growing integration of blockchain infrastructure into traditional finance.

Source: [1] Helius Medical Technologies Announces Continued Acquisition of Solana (https://www.globenewswire.com/news-release/2025/10/06/3161658/0/en/Solana-Company-NASDAQ-HSDT-Formerly-Helius-Continues-Amassing-SOL-the-Native-Asset-of-Solana-Blockchain.html)

[2] Solana Company Plans to Acquire 5%+ of SOL Supply (https://en.coinotag.com/solana-company-could-acquire-more-than-5-of-sol-supply-and-pursue-a-hong-kong-secondary-listing/)

[5] Institutional Money Flows Into Solana as Pantera Leads $1.25 Billion Sol Treasury Deal (https://vanirassets.com/institutional-money-flows-into-solana-as-pantera-leads-1-25-billion-sol-treasury-deal/)

[6] HSDT – Building the Preeminent Solana Treasury (https://panteracapital.com/helius-hsdt-building-the-preeminent-solana-treasury/)