Preeminent SOL Treasury Vehicle, Solana Company (NASDAQ:HSDT), Adds Coinbase, BitGo, and Anchorage Digital as Custodians

Core Insights - Solana Company, formerly known as Helius Medical Technologies, has entered into custodial agreements with Coinbase, BitGo, and Anchorage Digital to enhance its digital assets treasury strategy focused on acquiring SOL, the native asset of the Solana Network [1][2]. Company Overview - Solana Company (NASDAQ: HSDT) is a digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera Capital and Summer Capital [4]. - The company aims to maximize SOL per share by leveraging capital market opportunities and on-chain activity, providing public market investors with optimal exposure to Solana's growth [4]. Strategic Partnerships - The establishment of relationships with leading custodians like Coinbase, BitGo, and Anchorage Digital reflects the company's disciplined approach to maximizing shareholder value [2]. - These custodial relationships are expected to strengthen the company's ability to support the Solana ecosystem at scale and advance its long-term vision for the leading blockchain network [2]. Market Position and Performance - Solana has been recognized as the fastest-growing blockchain, leading the industry in transaction revenue and processing over 3,500 transactions per second [2]. - The network boasts approximately 3.7 million daily active wallets and has surpassed 23 billion transactions year-to-date [2]. - SOL offers a ~7% native staking yield, distinguishing it from non-yield-bearing assets like BTC [2].