Solana Company (NASDAQ: HSDT) announced on October 29 that it increased its Solana (SOL) token holdings to more than 2.3 million. The company also shared that it earned an average staking yield of 7.03% for October.
According to the press release, the goal is to grow value through active on-chain management and transparent reporting. Since its last update on October 6, the company’s SOL holdings have risen by about one million tokens. In addition, it also holds over $15 million in cash and stablecoins to support its digital asset strategy.
Furthermore, HSDT’s yield performance beat the top ten Solana validators, which averaged 6.67% over the same period. The company’s staking system uses institutional-grade validators, and rewards are automatically restaked to increase returns.
Meanwhile, Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT, said, “HSDT has increased its SOL holdings by roughly 5% in less than a month. Additionally, with a gross staking yield of over 7%, our Solana holdings are compounding and outperforming benchmarks by more than 35 basis points.” Jiang added that the results show the strength of HSDT’s management model.
Likewise, Joseph Chee, Executive Chairman of Solana Company, said institutional interest has grown after major network milestones. “We remain focused on transparency and growth,”
He further stated. “The goal is to develop a compounding vehicle that grows intrinsic value through disciplined capital allocation and long-term alignment with the Solana network’s success.”
However, despite the strong on-chain results, HSDT shares have dropped by more than 50% this month, now trading around $6.75. At the same time, the broader Solana ecosystem has also seen a surge in institutional interest. For instance, Grayscale launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca, while Bitwise introduced its Solana ETF a day earlier.
HSDT Shares movement | Source: YahooFinance
Notably, other firms like Forward Industries and Solmate Infrastructure have also expanded Solana-related holdings. According to data Coingecko, public firms now own about 16 million SOL, worth roughly $3.2 billion, up from near zero at the start of 2025.
Also Read: Bitget Sees $23.1B Institutional Surge: Nansen Report
