Solana Company partners with Coinbase, BitGo, and Anchorage Digital for custodial services to enhance its SOL-focused treasury strategy.
Quiver AI Summary
Solana Company, formerly known as Helius Medical Technologies, has announced partnerships with Coinbase, BitGo, and Anchorage Digital to serve as custodians for its digital assets as part of its strategy to accumulate SOL, the native asset of the Solana Network. The company aims to be a leading treasury focused on SOL, enhancing shareholder value while supporting the Solana ecosystem. With Solana being recognized for its rapid transaction processing and substantial daily active wallets, HSDT emphasizes its commitment to institutional security and transparency in managing its assets. The company also plans to continue its focus on neurotech and medical device development while leveraging the opportunities presented by Solana's growth.
Potential Positives
- Engagement with top-tier custodians like Coinbase, BitGo, and Anchorage Digital enhances HSDT's credibility and operational security in managing digital assets.
- The strategic focus on building a SOL-centric treasury positions HSDT to capitalize on Solana's significant growth potential in the blockchain ecosystem.
- HSDT's commitment to institutional security and transparency may attract more investors, thereby potentially increasing shareholder value.
Potential Negatives
- The press release is heavily reliant on forward-looking statements, which indicate significant uncertainties and risks that could prevent the company from achieving its stated goals.
- There is a lack of detailed information regarding how the company plans to manage the risks associated with the fluctuating market price of SOL, which may concern investors.
- The shift in focus to digital assets and away from its original neurotech and medical device operations may raise questions about the company's long-term strategy and commitment to its previous core business areas.
FAQ
What is Solana Company’s recent announcement about?
Solana Company has entered into agreements with Coinbase, BitGo, and Anchorage Digital for custodial support of its digital assets treasury strategy.
How does Solana Company plan to maximize shareholder value?
By establishing relationships with leading custodians and focusing on accumulating SOL, the native asset of the Solana Network.
What role does SOL play in Solana Company's strategy?
SOL is crucial as it is the primary asset in HSDT's digital treasury strategy, designed to support tokenized networks.
What advantages does Solana offer compared to other blockchain networks?
Solana is known for its rapid growth, processing over 3,500 transactions per second, and having over 3.7 million daily active wallets.
What is the staking yield of SOL?
SOL offers a staking yield of approximately 7%, making it financially productive compared to non-yield-bearing assets like BTC.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HSDT Hedge Fund Activity
We have seen 1 institutional investors add shares of $HSDT stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GRANT PRIVATE WEALTH MANAGEMENT INC removed 46,193 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $8,407
- GEODE CAPITAL MANAGEMENT, LLC removed 2,333 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $424
- VANGUARD GROUP INC removed 840 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $152
- TOWER RESEARCH CAPITAL LLC (TRC) removed 260 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $47
- IFP ADVISORS, INC removed 233 shares (-70.0%) from their portfolio in Q2 2025, for an estimated $42
- ARMISTICE CAPITAL, LLC removed 96 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $873
- AMERICAN CAPITAL ADVISORY, LLC removed 61 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEWTOWN, Pa., Oct. 10, 2025 (GLOBE NEWSWIRE) -- Solana Company, (NASDAQ:HSDT or “the Company"), formerly Helius Medical Technologies, Inc., today announced it has entered into agreements with Coinbase, BitGo and Anchorage Digital to serve as custodians as it continues amassing SOL, the native asset of the Solana Network, as part of its digital assets treasury strategy.
“As HSDT continues to operate as the preeminent SOL-focused treasury, establishing relationships with leading custodians like Coinbase, BitGo, and Anchorage Digital reflects our disciplined and scalable approach to maximizing shareholder value,” said Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT. “This custody framework significantly strengthens the foundation for HSDT’s strategy.”
“These custodial relationships strengthen HSDT’s ability to support the Solana ecosystem at scale and advance our vision of building a long-term cornerstone for the leading blockchain network,” said Joseph Chee, Executive Chairman of HSDT and Chairman of Summer Capital. “We are committed to the highest standards of institutional security and transparency while maximizing SOL per share.”
Solana has historically been the fastest-growing blockchain, leading the industry in transaction revenue and processing more than 3,500 transactions per second [1]. The network is also the most widely adopted, with an average of about 3.7 million daily active wallets and surpassing 23 billion transactions year-to-date [2]. SOL is financially productive by design, offering a ~7% native staking yield, whereas assets like BTC are non-yield-bearing. As an independent treasury company, HSDT’s mission is to support the growth and security of tokenized networks by serving as a long-term holder of $SOL, in addition to continuing the development of its neurotech and medical device operations.
Forward Looking Statements
This press release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release also includes express and implied forward-looking statements regarding the Company's current expectations, estimates, opinions and beliefs that are not historical facts. Such forward-looking statements may be identified by words such as "believes," "expects," "endeavors," "anticipates," "intends," "plans," "estimates," "projects," "should" and "objective" and the negative and variations of such words and similar words. These statements are made on the basis of current knowledge and, by their nature, involve numerous assumptions and uncertainties. Nothing set forth herein should be regarded as a representation, warranty or prediction that we will achieve or are likely to achieve any particular future result. Actual results may differ materially from those indicated in the forward-looking statements because the realization of those results is subject to many risks and uncertainties, including the risk that we may fail to realize the anticipated benefits of the private placement, including the ability of the Company to execute on its digital asset treasury strategy, as well as risks related to economic conditions, fluctuations in the market price of SOL, and the evolving regulatory environment, as well as other factors. Forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no duty to update such information except as required under applicable law.
About Solana Company
Solana Company (Nasdaq: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and onchain activity, Solana Company offers public market investors optimal exposure to Solana’s secular growth.
Media Contact
| Helius Medical Technologies, Inc. | [email protected] |
| Pantera Capital Management LP | [email protected] |
| [email protected] | |
| Summer Capital Limited | [email protected] |
