Preeminent SOL Treasury Company Helius (NASDAQ:HSDT) Announces Corporate Name Change to Solana Company and Letter of Intent with Solana Foundation

Core Viewpoint - HSDT has rebranded itself as Solana Company, emphasizing its commitment to the Solana blockchain and its mission to maximize SOL per share while providing consistent on-chain yield for investors [1][5][6] Group 1: Corporate Changes - HSDT has filed an amendment to its Certificate of Incorporation to change its name to "Solana Company," while retaining the ticker symbol HSDT [1] - The company has entered into a non-binding letter of intent with the Solana Foundation, committing to conduct all on-chain activities solely on Solana and participate in joint initiatives [2] Group 2: Strategic Initiatives - HSDT is executing a digital asset treasury strategy focused on accumulating SOL tokens, leveraging recent financing of $500 million to support this strategy [3][9] - The company aims to provide access to the Solana network and promote its capabilities through co-hosted events and institutional partnerships [2][9] Group 3: Market Position and Performance - Solana is recognized as the fastest growing blockchain, processing over 3,500 transactions per second and averaging about 3.7 million daily active wallets, with over 23 billion transactions year-to-date [7] - The SOL token offers a ~7% native staking yield, distinguishing it from non-yield-bearing assets like Bitcoin [7]