Solana News Today: Institutional Confidence in Solana Grows as Corporate Treasuries Adopt as Strategic Reserve Asset

Solana Company (NASDAQ: HSDT), formerly Helius Medical Technologies, has entered into custody agreements with Coinbase, BitGo, and Anchorage Digital to secure its expanding Solana (SOL) treasury. The company, which aims to serve as a long-term holder of SOL, has accumulated over 2.2 million tokens, valued at approximately $525 million as of October 6, 2025, based on a market price of $232.50 per SOL Preeminent SOL Treasury Vehicle, Solana Company Adds Coinbase, BitGo, and Anchorage Digital as Custodians^[1]. These custodians provide institutional-grade security and transparency, aligning with the company's strategy to maximize shareholder value while supporting the Solana ecosystem's growth.

The agreements mark a strategic shift for HSDT, which transitioned from a neurotechnology and medical device firm to a digital asset treasury company focused on Solana. Joseph Chee, Executive Chairman of HSDT, emphasized the importance of these partnerships in advancing the company's vision of building a "long-term cornerstone for the leading blockchain network" Preeminent SOL Treasury Vehicle, Solana Company Adds Coinbase, BitGo, and Anchorage Digital as Custodians^[1]. Cosmo Jiang, General Partner at Pantera Capital and HSDT Board Observer, noted that the custodial framework strengthens the company's position as a disciplined and scalable SOL-focused treasury Preeminent SOL Treasury Vehicle, Solana Company Adds Coinbase, BitGo, and Anchorage Digital as Custodians^[1].

Solana's network has historically been the fastest-growing blockchain, processing over 3,500 transactions per second and averaging 3.7 million daily active wallets Preeminent SOL Treasury Vehicle, Solana Company Adds Coinbase, BitGo, and Anchorage Digital as Custodians^[1]. The platform's native staking yield of ~7% further distinguishes it from non-yield-bearing assets like Bitcoin, making it an attractive option for institutional treasuries. HSDT's strategy mirrors broader industry trends, with corporate entities increasingly adopting Solana as a reserve asset. For instance, Forward Industries holds 6.8 million SOL ($1.69 billion), while Sharps Technology has moved its $435 million Solana treasury to Coinbase Sharps Technology Moves $435M Solana Treasury to Coinbase^[2].

The custody agreements also reflect growing institutional confidence in Solana's infrastructure. Coinbase, a key partner, offers regulated over-the-counter trading and custody solutions, enabling efficient management of large-scale holdings. Anchorage Digital, the first federally chartered digital asset bank in the U.S., provides additional regulatory clarity, while BitGo's multi-signature technology enhances security . These custodians collectively address risks associated with digital asset management, such as liquidity constraints and operational inefficiencies.

HSDT's treasury expansion has already outpaced its initial capital raise. The company's combined holdings of SOL and cash exceed $525 million, surpassing the gross proceeds from its September 18 private placement . This rapid accumulation underscores the potential for corporate treasuries to influence market dynamics, as large-scale purchases reduce circulating supply and may support price stability. Analysts suggest that continued institutional adoption could further solidify Solana's role as a strategic reserve asset alongside Bitcoin and Ethereum Anchorage Crypto Custody vs Coinbase Custody (2025) - PeerSpot^[5].

The move aligns with broader market developments, including the launch of Solana spot ETFs in Canada and increased regulatory scrutiny of digital assets. HSDT's strategic pivot and partnerships with leading custodians position it to capitalize on evolving opportunities in the blockchain ecosystem while navigating regulatory uncertainties Solana Company (NASDAQ:HSDT), Formerly Helius, Continues Amassing SOL^[4].