Nasdaq-Listed Solana Company Grows Treasury to $525M in SOL Holdings – Solana About to Explode?

Helius Medical Technologies, now operating as HSDT Solana Company, has grown its Solana treasury to more than 2.2 million SOL tokens worth over $525 million, combined with cash holdings exceeding $15 million, the company announced on October ￰0￱ acquisition was made less than three weeks after the initial $500 million private placement closed on September 18 , with the combined value already surpassing the gross proceeds from the original capital ￰1￱ Jiang, General Partner at Pantera Capital and Board Observer, noted the company is “ focused on maximizing shareholder value by efficiently accumulating Solana .” Institutional Solana treasury holdings have surged past $4 billion across 18 tracked participants controlling 3.1% of the circulating supply, according to Strategic Solana Reserve data.) October 1, 2025 This month, VisionSys AI has unveiled plans for a $2 billion Solana treasury program in partnership with Marinade Finance, starting with a $500 million SOL acquisition over six ￰2￱ fitness company Fitell Corporation also secured a $100 million credit line for its treasury strategy with plans to rebrand as Solana Australia ￰3￱ company added 216.8 million ￰4￱ tokens , valued at $1.5 million, and appointed David Swaney and Cailen Sullivan as ￰5￱ of the oldest and leading firms, SOL Strategies, commenced trading on Nasdaq under ticker STKE on September 10 , with $94 million in holdings, managing 3.62 million SOL under delegation and participation from 8,812 unique ￰6￱ Buybacks Emerge as Shares Lag SOL’s 55% Rally Sharps Technology announced a $100 million stock repurchase program on October 2, following its $400 million private placement in August.

However, STSS shares closed at $6.67, down 43% over the past month despite Solana rallying 55.5% across the same ￰7￱ Development Corp has also approved an increase in its repurchase program from $1 million to $100 million, with an initial threshold of $10 million requiring additional board ￰8￱ Inc., which now holds 2 million SOL, valued at $377 million, has introduced an “adjusted SOL per share” metric, which stands at 0.0197, representing a 56% increase since launching the ￰9￱ company also appointed former BitMEX CEO Arthur Hayes to its advisory ￰10￱ Indicators Suggest Binary Outcome at Multi-Year Resistance Multi-year chart analysis reveals a massive cup and handle formation, with SOL trading at $231.34, near critical resistance around $260-280, representing the 2021 cycle highs.) October 6, 2025 In September, SOL outpaced Ethereum with a 26% monthly gain, compared to ETH’s 8%.

Upcoming upgrades, including Firedancer , Alpenglow , and state compression, are expected to support further ￰11￱ fact, VanEck still maintains a bullish outlook, predicting SOL could reach $520 before ￰12￱ it stands now, Solana faces binary outcomes at multi-year resistance around $260-280, where a successful breakout could drive advancement toward $350-400, supported by corporate treasury accumulation and potential ETF ￰13￱ at resistance could trigger a correction toward $150 – $180 support levels, with extended consolidation within $200 – $280 range also possible.