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

Solana Company (NASDAQ: HSDT), formerly Helius Medical Technologies, said it continues to acquire Solana as part of a digital asset treasury (DAT) program and now holds more than 2.2 million SOL, alongside over $15 million in cash earmarked to expand the strategy, according to an Oct. 6 press release. At a reference price of $232.50 per SOL as of 12:00 AM ET on Oct. 6, the firm stated that the combined value of SOL and cash exceeds $525 million, surpassing the gross proceeds from its private placement tha ...