Solana News Today: Solana's Staking Yields Challenge Bitcoin's Treasury Dominance as Institutions Jump In

Solana Company (NASDAQ: HSDT), formerly Helius Medical Technologies, has entered into custodial agreements with Coinbase, BitGo, and Anchorage Digital to support its digital asset treasury strategy focused on acquiring Solana (SOL) tokens. The firm now holds over 2.2 million SOL, valued at approximately $525 million at a reference price of $232.50 per token as of October 6, 2025, surpassing the gross proceeds from its September 18 private placement Solana Company Accumulates $525M in SOL Treasury^[1]. The company emphasized that these custodial partnerships reflect a "disciplined and scalable approach to maximizing shareholder value" while strengthening its role as a long-term holder of SOL and supporting the Solana ecosystem .

Solana's network metrics underscore its appeal as a treasury asset. The blockchain processes over 3,500 transactions per second, with more than 23 billion transactions year-to-date and an average of 3.7 million daily active wallets. The native token offers an estimated 7% staking yield, a key differentiator from non-yield-bearing assets like Bitcoin Solana Company Accumulates $525M in SOL Treasury^[1]. Cosmo Jiang of Pantera Capital, a board observer at HSDT, noted that the company's strategy aligns with institutional trends seen in firms like MicroStrategy and Block, where digital assets are leveraged for both yield and ecosystem alignment Solana Company Accumulates $525M in SOL Treasury^[1].

The custodial agreements follow recent regulatory clarity from the SEC, which affirmed that state-chartered trust companies can serve as qualified custodians for crypto assets. This development enables firms like Coinbase and BitGo to legally manage institutional crypto holdings, addressing prior uncertainties under the Investment Advisers Act . Solana Company's move to secure custody services from leading infrastructure providers aligns with broader institutional adoption of Solana treasuries, which now total over 17.11 million SOL across public companies and funds .

The company's strategy extends beyond accumulation to active staking and validator operations. Joseph Chee, Executive Chairman of HSDT, highlighted that the custodial framework enhances institutional security and transparency while positioning HSDT as a "cornerstone" for Solana's growth . Meanwhile, broader market activity reflects growing interest in Solana-based treasuries, with firms like Forward Industries and Upexi accumulating over $4 billion in SOL collectively .

The trend has positioned Solana as a competitive alternative to Bitcoin and Ethereum treasuries, offering higher staking yields and a faster-growing ecosystem. While Bitcoin treasuries hold $428 billion in BTC and Ethereum treasuries exceed $30 billion in ETH, Solana's corporate holdings account for 3% of its circulating supply, with forecasts suggesting continued expansion .