Solana Company, listed as HSDT on Nasdaq, has partnered with staking providers Twinstake and Helius to expand its Solana-based treasury model, holding over 2.2 million SOL valued at approximately $396 million despite a 96% stock decline in six months. This move enhances staking and institutional infrastructure.
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Solana Company pivots from medical devices to a regulated Solana treasury vehicle, offering public exposure to the network.
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The partnerships with Twinstake and Helius provide robust staking, voting, and reporting capabilities through top validators.
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Despite shares falling to $6.25, the firm raised $500 million privately and continues accumulating SOL amid market volatility, per Google Finance data.
Solana Company strengthens its treasury strategy with new staking partnerships amid stock volatility. Discover how HSDT’s Solana holdings position it for long-term growth in digital assets—explore the details now.
What is Solana Company’s Treasury Strategy?
Solana Company’s treasury strategy centers on building a substantial portfolio of Solana (SOL) tokens as a U.S.-listed firm, providing regulated access to the blockchain network. Formerly known as Helius Medical Technologies, the company pivoted on September 15 to focus on digital assets, holding more than 2.2 million SOL—valued at around $396 million—in custody at Anchorage Digital Bank. This approach aims to leverage Solana’s high-performance network for staking rewards and network participation, even as market pressures test investor confidence.
How Do the New Partnerships with Twinstake and Helius Enhance Solana Company’s Operations?
The recent agreements with Twinstake and Helius mark a significant expansion of Solana Company’s on-chain activities, focusing on institutional-grade staking infrastructure. Twinstake, backed by Pantera Capital, operates as one of Europe’s largest validators for exchange-traded funds (ETFs) and exchange-traded products (ETPs) in digital assets, and serves as the core infrastructure partner for the REX-Osprey Solana Staking ETF. Helius complements this with advanced development tools for the Solana ecosystem.
Both providers rank among the top 25 validators on Solana by total tokens staked, according to Solscan data, ensuring reliable performance and security. These partnerships enable Solana Company to conduct staking, participate in governance voting, and generate comprehensive reporting, all through regulated channels. Joseph Chee, Executive Chairman of HSDT and Chairman of Summer Capital, emphasized this development, stating, “Volatility creates opportunity, and conviction is tested in moments like these. We’re not running from market pressure, we’re leaning into it.” This infrastructure supports the firm’s goal of becoming one of the first U.S. public companies to directly stake Solana tokens compliantly.
The move follows a $500 million private funding round led by Pantera Capital and Summer Capital, which financed the accumulation of SOL holdings. Earlier this week, the opening of resale registration for private investors led to a 22% drop in share price, as restricted stock became tradable. Despite this, Chee noted the decision to proceed in volatile markets demonstrates strong commitment to the model. Solana Company’s strategy aligns with broader interest in Solana-focused treasuries, as evidenced by a Schedule 13G filing revealing that billionaire Ken Griffin, founder and CEO of Citadel, acquired a 4.5% stake in DeFi Development Corp., another firm in this space, according to CoinTelegraph reporting.
Solana’s network fundamentals remain robust, processing over 100 billion transactions this year per Solscan data, even as active wallets declined by about 60% to 2.5 million from October last year. Chee added, “This is exactly when treasury companies should be accumulating, not retreating. We have the capital, the institutional-grade staking partnerships with top validators, and the disciplined team to add more SOL per share when others are fearful.” This positions Solana Company to capitalize on network growth and staking yields, estimated at around 5-7% annually based on current validator performance metrics from Solscan.
Frequently Asked Questions
What prompted Solana Company’s pivot to a Solana-based treasury model?
Solana Company, previously Helius Medical Technologies focused on medical devices, shifted strategies after its stock plummeted from $182.75 on June 2 to $9.76 a month later, necessitating financial stabilization. The formal adoption on September 15 leverages its public listing for regulated Solana exposure, with holdings exceeding 2.2 million SOL to generate staking rewards and participate in network governance.
Why is market volatility an opportunity for Solana Company’s treasury strategy?
Market downturns allow firms like Solana Company to acquire more SOL at lower prices, enhancing per-share value and demonstrating long-term conviction. With partnerships like Twinstake and Helius providing top-tier validation, the company can stake assets efficiently, earning yields while the network processes billions of transactions annually, as reported by Solscan.
Key Takeaways
- Solana Company’s Expansion: Partnerships with Twinstake and Helius bolster staking infrastructure for over 2.2 million SOL holdings.
- Market Resilience: Despite a 96% six-month stock decline to $6.25, the firm raised $500 million to fuel SOL accumulation.
- Network Strength: Solana’s 100 billion+ transactions this year highlight its dominance, supporting treasury strategies focused on long-term staking rewards.
Conclusion
Solana Company’s treasury strategy, now fortified by staking partnerships with Twinstake and Helius, underscores a bold commitment to the Solana ecosystem amid ongoing volatility. Holding substantial SOL assets in a regulated framework positions the firm to benefit from network growth and yields, as validated by data from sources like Solscan and Google Finance. As interest from investors like Ken Griffin in similar ventures grows, Solana Company exemplifies how conviction in blockchain treasuries can drive future opportunities—consider monitoring HSDT’s progress for insights into digital asset integration in public markets.
