Solana Company announced Monday it has acquired over 2.2 million Solana tokens as part of its digital asset treasury strategy, positioning itself among publicly traded firms adopting crypto‑native balance sheet approaches.
The Nasdaq‑listed entity, formerly Helius Medical Technologies, holds assets valued near $530 million at current prices of $234 per token. The total includes $15 million in cash reserves.
Cosmo Jiang, general partner at Pantera Capital and board observer, stated that the company follows strategies employed by Michael Saylor at Strategy (MSTR) and Tom Lee at BitMine Immersion Technologies (BMNR). The accumulation aims to maximize shareholder value through efficient Solana acquisition.
Executive Chairman Joseph Chee noted that institutional interest from Asia exceeded expectations following recent digital asset conferences. The regional momentum suggests a growing global appetite for Solana among institutional investors.
The company joins a wave of publicly traded firms treating Solana as a balance‑sheet asset. VisionSys launched its own treasury initiative last week, partnering with staking protocol Marinade Finance.
Forward Industries pledged $1.65 billion to a new Solana vehicle backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. DeFi Development Corp., Sol Strategies, and Upexi have also disclosed holdings in recent filings.
Institutional products are expanding beyond Bitcoin and Ethereum. Grayscale enabled staking for its Ethereum ETFs and Solana trust on Monday, a development observers view as potential groundwork for a spot Solana ETF in the United States.
Chee highlighted Solana’s low transaction fees and high throughput as appealing factors for developers and enterprise users. These characteristics, combined with expanding infrastructure, contribute to its adoption as a corporate treasury asset.
The accumulation strategy mirrors approaches taken by Strategy and Black Mountain Resources with Bitcoin. Total reserves now exceed proceeds from the company’s September private placement.