Solana Company, formerly known as Helius Medical Technologies and trading on Nasdaq under the ticker HSDT, has solidified a significant treasury profile overwhelmingly centered on the Solana ecosystem. This strategic realignment has resulted in the entity amassing a combined holding of Solana (SOL) tokens and liquid cash valued at over $525 million as of October 6, 2025.
This substantial accumulation was achieved rapidly following the conclusion of its private placement on September 18, 2025, signaling a deep conviction in the network's trajectory. As of October 6, 2025, based on a reference price of $232.50 per SOL, the company’s assets included more than 2.2 million SOL tokens alongside upwards of $15 million in readily available cash. This total value eclipses the gross proceeds generated from the recent capital raise, demonstrating the speed of their asset acquisition strategy. The company is actively rebranding its Nasdaq ticker page to formally recognize itself as 'Solana Company.'
The bold maneuver is underpinned by tangible network metrics suggesting robust underlying health. Solana's infrastructure currently processes transactions exceeding 3,500 per second, serving approximately 3.7 million daily active wallets, with year-to-date transactions surpassing 23 billion. Furthermore, the native staking yield for SOL is estimated at a compelling 7%, offering an attractive yield component to the treasury strategy, unlike non-yield-bearing assets like Bitcoin. The company has stated it intends to continue its neurotech and medical device development alongside long-term SOL custody.
Market reaction has reflected this strategic pivot. HSDT's stock price registered gains of around 7% near the early October timeframe and experienced an almost 190% surge since the initial announcement regarding the Solana treasury focus. This trend mirrors broader institutional validation; for instance, Pantera Capital, through its General Partner and HSDT Board Observer Cosmo Jiang, has positioned itself with a substantial SOL position nearing $1.1 billion. This corporate embrace follows precedents set by figures like Michael Saylor, suggesting growing acceptance of digital assets as viable corporate treasury stores of value, with other institutions like Fitell also initiating SOL treasuries.