Solana News Today: HSDT's Solana Treasury Surpasses Initial Funding, Mirroring Bitcoin's Strategy

Solana Company (HSDT), formerly Helius Medical Technologies, has emerged as a major corporate holder of Solana (SOL) tokens, with its digital asset treasury now exceeding 2.2 million SOL, valued at over $525 million at the current price of $235 per token. This accumulation, announced on October 6, 2025, positions the firm as the second-largest corporate holder of SOL, following Forward Industries, which maintains a 6.8 million SOL treasury worth $1.61 billion. The move underscores a broader trend of institutional adoption, with corporate holdings of SOL surpassing $4 billion collectively across more than nine public companies in three countries .

The Solana Company's strategy emphasizes staking its holdings to generate an estimated 7% annual yield, a feature that differentiates SOL from non-yielding assets like Bitcoin. This approach aligns with the company's broader digital asset treasury (DAT) program, which includes $15 million in cash earmarked for further SOL acquisitions. The firm's holdings now exceed the $525 million raised in its September private placement, which funded the purchase of 2.2 million SOL. Cosmo Jiang, General Partner at Pantera Capital and HSDT board observer, noted the strategic shift, stating, "HSDT's Solana and cash holdings now exceed the initial capital raise amount in less than three weeks," drawing parallels to Bitcoin treasury strategies pioneered by MicroStrategy and Marathon Digital .

Corporate adoption of SOL has accelerated in 2025, with entities such as DeFi Development Corp, Upexi, and Bit Mining contributing to a total of 13 million SOL in treasuries. This trend is driven by Solana's high-performance network-processing 3,500+ transactions per second-and its staking model, which offers corporate holders a yield advantage. Forward Industries, the largest corporate holder, has been backed by crypto firms including Galaxy Digital and Multicoin Capital, which have also signaled plans to raise $1 billion for a Solana-focused treasury. These developments have positioned SOL as a reserve asset, joining Bitcoin and Ethereum in redefining corporate treasury management .

Market dynamics further support Solana's institutional appeal. Futures open interest for SOL has surged to $16 billion, up from $6.8 billion at the start of 2024, while technical indicators suggest potential for a 25% price increase to $295. The Securities and Exchange Commission is expected to approve a spot Solana ETF in October, which could catalyze additional institutional demand. Analysts highlight Solana's ecosystem growth, including 3.7 million daily active wallets and 23 billion transactions year-to-date, as key drivers of long-term value .

The Solana Company's stock has mirrored the bullish sentiment, surging nearly 190% following the treasury announcement. Shares traded at $17.38, reflecting investor confidence in the firm's pivot to digital asset management. This momentum aligns with broader market optimism, as corporate treasuries now account for nearly 3% of Solana's circulating supply. The combination of yield generation, regulatory developments, and ecosystem expansion has positioned SOL as a strategic asset for diversified corporate portfolios.