Solana Company (NASDAQ: HSDT), formerly Helius Medical Technologies, has continued its strategic accumulation of Solana (SOL) tokens, reflecting growing institutional interest in the network.
According to the press release, the company disclosed that it now holds more than 2.2 million SOL alongside $15 million in cash reserves, bringing the combined value of its holdings to over $525 million. This figure exceeds proceeds from its private placement offering closed less than three weeks ago, signaling strong execution of its digital asset treasury plan.
HSDT Strengthens Its Solana Treasury Strategy
The firm’s ongoing Solana acquisitions form part of its broader plan to build a yield-generating digital treasury. With Solana currently trading near $232, HSDT’s asset base underscores rising confidence in the blockchain’s fundamentals. The company aims to serve as a long-term institutional holder supporting the Solana ecosystem while advancing its medical technology division.
Board observer Cosmo Jiang from Pantera Capital noted that HSDT’s approach mirrors the corporate accumulation strategy used by firms like MicroStrategy. The company’s goal is to maximize shareholder value through strategic exposure to high-yielding digital assets such as SOL, which offers a native staking yield of roughly seven percent.
Institutional Confidence Builds Around Solana
Market observers note that Solana’s network remains one of the fastest-growing in the industry, averaging over 3.7 million daily active wallets and processing more than 3,500 transactions per second. The blockchain’s strong performance and rising revenue have bolstered its position among institutional investors.
Executive Chairman Joseph Chee highlighted the influx of interest from Asian markets following recent digital asset conferences. The firm’s message resonates with global investors seeking exposure to productive crypto assets amid shifting macroeconomic conditions. This growing attention suggests that HSDT’s Solana-centric strategy could become a model for other corporate treasuries.
Market Analysts Eye Breakout Toward $600
Source: X
Technical analysts remain optimistic about Solana’s price trajectory. According to CryptoJelleNL, the token has emerged from a 1.5-year consolidation phase, forming a textbook cup-and-handle pattern. The breakout above $230 has turned a long-standing resistance into solid support, hinting at a potential rally toward the $500–$600 range.
The current structure resembles Solana’s 2021 breakout when a prolonged accumulation phase triggered a rapid price surge. Momentum is gradually tilting toward buyers, with a confirmed move above $250 expected to accelerate gains.
ETF Decision Could Amplify Momentum
Adding to the excitement, analyst “Lark Davis” noted that the final decision on a spot Solana ETF is due within days. A favorable ruling could significantly boost institutional demand, strengthening Solana’s position as a leading smart contract platform.
