Key Insights
- •HSDT now holds 2.2M SOL worth $525M, becoming the second-largest corporate holder of Solana.
- •A daily close above $247.9 could push SOL toward $265–$276, reinforcing its bullish market structure.
- •Corporate Solana accumulation grows as firms adopt it alongside Bitcoin and Ethereum for treasury reserves.
Solana’s market momentum continues to attract corporate attention as Solana Company (NASDAQ:HSDT), formerly Helius Medical Technologies, expanded its digital asset treasury to over 2.2 million SOL. At a market price of $232.50 per token on October 6, 2025, the company’s Solana and cash reserves now exceed $525 million.
Solana Expanding Treasury Strategy
The company confirmed the accumulation of Solana tokens following its private placement that closed on September 18, 2025. It reported that proceeds from the offering were used to advance its digital asset treasury strategy. HSDT also maintains more than $15 million in cash, which it intends to deploy for further Solana purchases.
Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT, said, “HSDT Solana Company is focused on maximizing shareholder value by efficiently accumulating Solana.” He noted that the firm’s combined holdings now exceed the amount raised from the recent offering in less than three weeks.
According to a post by SolanaFloor, HSDT now holds over 2.2 million SOL, strengthening its position as one of the largest corporate holders of the asset. The post also confirmed that the company’s total SOL and cash valuation has reached more than half a billion dollars.
Corporate Adoption and Market Outlook
Corporate adoption of Solana has accelerated in 2025. Data from CoinGecko shows millions of SOL have been added to corporate treasuries in recent months. Furthermore, Coinpedia Markets noted that Solana’s price structure remains bullish, trading within a long-term uptrend and facing key resistance between $237 and $248. A breakout above $247.9 could open the path toward $265 and eventually $276, the previous all-time high.
Solana Company now follows other firms, such as Forward Industries and DeFi Development Corp, that have included Solana in their reserves. Forward Industries currently holds over 6.8 million SOL, valued above $1.5 billion.
Growing Confidence in Solana
Executive Chairman Joseph Chee said that interest in Solana has increased among institutional investors, particularly in Asia. He added that HSDT intends to continue supporting the Solana ecosystem while developing its neurotech and medical operations.
Market analyst Jelle remarked on X that Solana appears ready to move toward the $500–$600 range by year‑end. The Solana network continues to process about 3,500 transactions per second, with around 3.7 million daily active wallets. With a native staking yield near 7%, Solana remains one of the most productive blockchain assets as corporate demand continues to rise.