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X @mert | helius.dev
mert | helius.dev· 2025-10-11 22:21
some eod thoughtsi) hats off to the builders working on perps dexes over all ecosystemsthese systems are extremely difficult and stressful, but we need them if we want onchain to be the main venue for finance over the existing systemI understand people will be angry at prices, but never forget the ultimate enemy is the existing systemii) extremely proud of the solana ecosystemspecifically the anza core team for so many little improvements that added up to a much improved experience than beforeand of course ...
Solana Company (NASDAQ:HSDT), Formerly Helius, Continues Amassing SOL, the Native Asset of Solana Blockchain
Globenewswire· 2025-10-06 12:00
Core Insights - Helius Medical Technologies, Inc. has announced the acquisition of over 2.2 million Solana (SOL) tokens as part of its digital asset treasury strategy, with cash holdings exceeding $15 million, bringing the total value of its combined holdings to over $525 million [1][2][8] Group 1: Company Strategy - The company is committed to its Solana treasury strategy, reflecting long-term confidence in the Solana ecosystem [2] - HSDT's strategy is focused on maximizing shareholder value through efficient accumulation of Solana tokens, with current holdings exceeding the initial capital raise amount in less than three weeks [3] - The company aims to support the growth and security of tokenized networks by being a long-term holder of SOL while continuing its neurotech and medical device operations [5][8] Group 2: Market Position and Performance - Solana is recognized as the fastest growing blockchain, leading in transaction revenue and processing over 3,500 transactions per second, with an average of 3.7 million daily active wallets [5] - The Solana network has surpassed 23 billion transactions year to date and offers a ~7% native staking yield, making it financially productive compared to non-yield-bearing assets like Bitcoin [5] - There is strong interest from institutional investors, particularly from Asia, following recent digital asset conferences, indicating a growing market presence for HSDT [4]
Fitell Corporation Completes Purchase of 216.8 million PUMP Tokens to its Digital Asset Treasury
Globenewswire· 2025-10-02 12:30
Taren Point, Australia, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”) today announced that it has purchased and allocated to its corporate treasury 216.8 million Pump.fun (PUMP) tokens, the native token powering the Pump.fun launchpad on Solana. This transaction represents the Company’s first direct purchase of PUMP tokens and reflects its continued strategic expansion within the Solana ecosystem. On October 1, 2025, Fitell purchased approximately 216.8 mill ...
Crypto.com and Sharps Technology to Strengthen Solana (SOL) Ecosystem Growth via Institutional Treasury Solutions
Crowdfund Insider· 2025-09-30 17:27
Crypto.com and Sharps Technology, Inc. announced that STSS has expanded its digital asset treasury strategy with Crypto.com services for its holdings.STSS is an emerging player in digital asset treasury management, with a vision to “align traditional finance with the Solana ecosystem.”The company has previously announced plans to “establish a Solana-focused digital asset treasury strategy and, to date has acquired more than 2 million SOL.”As part of this collaboration, STSS intends to use Crypto.com’s platf ...
X @BSCN
BSCN· 2025-09-29 11:14
🚨JUST IN: @CRYPTOCOM TEAMS UP WITH @STSSSOL TO BOOST SOLANA ECOSYSTEM VIA INSTITUTIONAL TREASURY SOLUTIONS ...
X @MetaMask.eth 🦊
MetaMask.eth 🦊· 2025-09-25 18:10
What’s your favorite @solana project in this image?You can now find ALL of them (and more) in MetaMask Portfolio's new Solana Ecosystem Page. 👀👇 https://t.co/w4JMnF48HO ...
SOL Strategies Becomes First Solana Treasury to Trade on the Nasdaq
Yahoo Finance· 2025-09-10 13:22
A Solana treasury gets listed on the Nasdaq stock exchange. | Erik McGregor/LightRocket via Getty Images. Key Takeaways SOL Strategies is now trading on the Nasdaq stock exchange under the STKE ticker. There are now six publicly traded Solana treasury companies that hold almost $1 billion in SOL combined. Solana is trading up 4.3% at $220.19 this week. A Solana-centric firm from Canada has become the first of its kind to be listed on the Nasdaq stock exchange as 2025’s trend of Bitcoin and altcoin ...
Forward Industries (FORD) to become largest Solana treasury holder through $1.6B deal, stock jumps 101%
Yahoo Finance· 2025-09-08 12:52
a radiant Solana vault absorbing torrents of capital from Galaxy Digital, Jump Crypto, and Multicoin monoliths as bullish charts surge upward. Forward Industries’ (FORD) stock price more than doubled after the company revealed plans to launch a $1.65 billion Solana treasury program. The rally followed news that Forward Industries had secured private placement commitments in cash and stablecoins from several industry giants, including Galaxy Digital, Jump Crypto, Multicoin Capital, and C/M Capital Partner ...
DeFi Dev Corp. Purchases $22M SOL, Grows Treasury to 1.42M SOL
Globenewswire· 2025-08-15 12:30
Core Viewpoint - DeFi Development Corp. has successfully increased its holdings of Solana (SOL) to approximately 1,420,173 SOL, reflecting a strategic treasury policy aimed at accumulating and compounding SOL for long-term growth [1][3][7] Group 1: Company Holdings and Performance Metrics - The company acquired 110,000 SOL at an average price of $201.68, totaling approximately $22 million [1] - The total value of SOL and SOL equivalents held by the company is approximately $273 million, representing a 9% increase from the previous balance of 1,301,653 SOL [7] - The key performance metric, SOL per share (SPS), rose 9% to 0.0675 as of August 14, 2025, with a corresponding SPS value of $13.02 [2][7] Group 2: Treasury Strategy and Operations - The company's treasury policy allocates its principal holdings to SOL, providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [3] - The newly acquired SOL will be staked to various validators, including the company's own Solana validators, to generate native yield [2] - DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is engaged in decentralized finance (DeFi) opportunities [3]
BIT Mining Limited Announces Unaudited Financial Results for the Six Months Ended June 30, 2025
Prnewswire· 2025-08-14 20:30
Core Insights - BIT Mining Limited reported a significant decline in financial performance for the six months ended June 30, 2025, with total revenues of US$11.0 million, down 43.3% from US$19.4 million in the same period of 2024 [11][20][30] - The company is strategically shifting its focus towards the Solana ecosystem, having acquired $7.1 million worth of SOL and launched a self-operated validator node [3][24] Financial Performance - Revenues for the self-mining business were US$4.6 million, while the data center business generated US$6.4 million [6] - Operating costs and expenses increased to US$24.5 million, up 12.4% from US$21.8 million in the previous year [12] - The operating loss was US$13.9 million, compared to a loss of US$0.5 million in the same period of 2024 [18][30] - Net loss attributable to BIT Mining was US$13.9 million, a stark contrast to a net income of US$18.9 million in the prior year [20][21] Cryptocurrency Operations - The total hash rate capacity for DOGE/LTC mining machines was approximately 8,149.73 GH/s, producing 10.5 million DOGE and 2,980 LTC [7] - The BTC mining operations produced 17.3 BTC, generating approximately US$1.7 million in revenue [9] - The company reported a decrease in cryptocurrency assets to US$3.6 million as of June 30, 2025, down from US$9.6 million at the end of 2024 [23] Data Center Operations - The Ohio Mining Site's 82.5 megawatt space generated approximately US$6.4 million in service fee revenue, a decrease of US$3.9 million compared to the previous year [10] - The decline in revenue was attributed to discounts on hosting fees to retain customers [10] Strategic Initiatives - The company completed the acquisition of a 51% equity interest in a cryptocurrency mining data center in Ethiopia and is expanding its operations into the Solana ecosystem [2][3] - BIT Mining aims to optimize treasury efficiency and support its strategic shift towards sustainable value creation [24]