Solana Company Boosts Its Crypto Holdings to Over $525 Million
Solana Company, previously known as Helius Medical Technologies, has substantially increased its Solana (SOL) holdings. The company now owns more than 2.2 million SOL tokens,valued at over $525 million.
On October 6, the Nasdaq-listed firm announced its latest crypto treasury update. This move solidifies its position as one of the largest corporate holders of Solana. The company also holds over $15 million in cash, which it plans to use to buy more SOL.
currently, SOL trades around $235.60 per coin.If the price continues to rise, Solana CompanyS holdings could increase in value. This strategy follows in the footsteps of other companies like MicroStrategy and BitNile Holdings.
Cosmo Jiang, a general partner at Pantera Capital, praised the company’s approach. “HSDT Solana Company is focused on maximizing shareholder value by efficiently accumulating Solana,” he said.
Several other publicly traded companies also hold Solana in their treasuries. These include Forward Industries, Upexi, and DeFi Growth Corp. They not only hold the token but also participate in staking to secure the Solana network.
With Solana’s price surging alongside other top cryptos.
For more details, visit crypto.news for the latest price chart.
