- Solana Company now holds over 2.2 million SOL and plans to grow its digital asset treasury further.
- The company’s stock jumped nearly 190% after its Solana holdings and strategy were made public.
- Public firms holding Solana are rising fast, with over 13 million SOL held across nine companies in three countries.
Solana Company, formerly Helius Medical Technologies, has expanded its digital asset treasury to over 2.2 million Solana (SOL) tokens. The Nasdaq-listed firm confirmed the update on October 6. Combined with over $15 million in cash, its total treasury value now exceeds $525 million.
The SOL token traded at $232.50 during the reporting period. However, with recent gains, it reached $235.60, slightly increasing the firm’s total holdings.
This development follows a private placement concluded on September 18. Since then, the company’s SOL and cash reserves have surpassed the total capital raised. The firm continues to acquire SOL actively and is allocating additional cash to support this strategy.
Strategic Positioning in Solana Ecosystem
Solana Company has provided a long-term commitment to the Solana ecosystem. It pointed to network performance metrics to support its investment. Solana can handle over 3,500 transactions per second and can sustain approximately 3.7 million daily active wallets. The network has completed over 23 billion transactions in 2025 alone.
SOL also offers a staking yield of around 7%. This yield makes it a more attractive digital asset compared to non-yield-bearing tokens like Bitcoin. The company is also participating in staking, contributing to network security, and increasing its returns on holdings.
Stock Performance Reflects Market Interest
Following the treasury announcement, the company’s shares on Nasdaq have seen sharp movement. The stock recently traded near $17.38, reflecting a 7% gain. Since the Solana treasury update, share prices have increased by almost 190%. Last week, SOL price rose 10.88% in seven days, hitting $235 before stabilizing above $230 amid rising trading volume.
The firm rebranded its ticker page to “Solana Company,” signaling its shift toward a crypto-focused identity. Investor interest appears to have grown in tandem with the company’s digital asset strategy. Analysts are tracking Solana’s growing use in corporate treasuries, which has pushed interest higher in public markets.
Corporate Momentum in Solana Holdings Grows
Solana holdings across public companies have surged in 2025. Over nine firms in three countries now hold more than 13 million SOL. Combined, they account for just 2.46% of total digital asset treasuries.
Pantera Capital, with $1.1 billion in SOL, remains a major player. New entrants include Fitell in Australia, which launched a SOL treasury starting at $10 million. Several U.S.-listed firms are also building large SOL reserves.
Reports also indicate Galaxy Digital and other major funds plan to raise $1 billion. Their goal is to acquire a public firm and build a Solana-focused treasury strategy.
