In brief
- Solana Company says it has deepened its on-chain strategy by adding Twinstake and Helius as institutional validators, expanding its $396 million Solana treasury.
- The Nasdaq-listed firm, formerly a medical device maker, has rebranded as a Solana-focused treasury vehicle after a 96% stock decline this year.
- Chairman Joseph Chee said the firm is “leaning into market pressure,” as it pursues regulated staking and governance exposure to the Solana network.
Solana Company (Nasdaq: HSDT), one of the few U.S.-listed firms holding Solana on its balance sheet, has expanded its digital asset treasury operations by partnering with staking providers Twinstake and Helius.
The move extends HSDT’s on-chain strategy, which already includes more than 2.2 million SOL, worth about $396 million, held in custody at Anchorage Digital Bank.
Before its pivot, HSDT, formerly Helius Medical Technologies, developed medical devices. The company has since recast itself as a Solana-focused treasury vehicle, using its public listing to offer regulated market exposure to the Solana network.
The shift came as the firm sought to stabilize its finances after its stock collapsed from $182.75 on June
Go to Source to See Full Article
Author: Sebastian Sinclair
