Nasdaq-listed Solana Company (HSDT), formerly known as Helius Medical Technologies, is doubling down on its Solana holdings. The firm added another 100,000 SOL—worth around $20 million— this month, bringing its total holdings to more than 2.3 million tokens, according to a company update on Wednesday.
The company also reported a 7% average staking yield, slightly above the 6.7% average achieved by top validators. This performance underscores Solana’s growing appeal among institutional players seeking yield opportunities in digital assets.
Solana CompanyHowever, despite its on-chain success, HSDT’s stock has been under pressure. Shares have dropped more than 50% over the past month, trading around $6.75 on Wednesday—down from highs above $14 earlier in October, based on Google Finance data.
The announcement coincides with a surge in institutional access to Solana. Two major investment firms—Grayscale Investments and Bitwise Asset Management—have launched Solana-focused exchange-traded funds (ETFs) this week. Grayscale’s Solana Trust (GSOL) debuted on NYSE Arca, while Bitwise introduced its Solana ETF on the New York Stock Exchange a day earlier. Both listings went live despite limited SEC operations during the ongoing U.S. government shutdown, signaling strong demand for Solana-based financial products.
Other publicly traded companies are also increasing their Solana exposure. Forward Industries (FORD) recently became the largest corporate holder of SOL, acquiring 6.8 million tokens—part of a $1.6 billion accumulation—and forming a 25-member crypto advisory board. The company has also filed for a $4 billion at-the-market offering to fund additional purchases.
Meanwhile, Solmate Infrastructure (SLMT), formerly Brera Holdings, secured $50 million in discounted SOL from the Solana Foundation to establish a new validator hub in the United Arab Emirates and pursue an aggressive merger and acquisition strategy.
According to data from dashboard, public companies now hold approximately 16 million SOL, valued at about $3.2 billion—a dramatic rise from near zero at the start of 2025.
The rapid growth in corporate and institutional interest marks another milestone for Solana’s ecosystem, suggesting that blockchain-based assets are gaining deeper traction in traditional finance circles.
