Solana Company Accumulates $525M in SOL Treasury as Stock Surges 190%

Core Insights - Solana Company (NASDAQ: HSDT), previously known as Helius Medical Technologies, is actively acquiring Solana (SOL) as part of its digital asset treasury program, holding over 2.2 million SOL and more than $15 million in cash for strategic expansion [1][2] - The total value of SOL and cash exceeds $525 million, indicating a long-term commitment to the Solana ecosystem while continuing to develop neurotech and medical device operations [2] - The company aims to stake SOL, leveraging the Solana network's high processing capacity and daily active wallets, with an estimated 7% native staking yield [3] Company Strategy - HSDT is focused on maximizing shareholder value through efficient accumulation of Solana, with its holdings surpassing the initial capital raise amount in less than three weeks [4] - The stock is actively trading on Nasdaq, experiencing volatility as the company transitions to a Solana-focused treasury profile and rebrands to "Solana Company" [5] Market Activity - As of early October, HSDT's stock price is around $17.38, reflecting a 7% gain, and shares have increased nearly 190% since the Solana treasury announcement [6] - The trend of accumulating Solana treasuries is growing among public market participants, with forecasts suggesting SOL could reach $300 due to this trend [7] Industry Developments - Pantera Capital holds approximately $1.1 billion in SOL, indicating increased corporate activity in the space, including Fitell's launch of an Australian SOL treasury with an initial $10 million [8]