Solana Company, formerly known as Helius Medical Technologies (HSDT), has significantly increased its Solana (SOL) holdings, bringing its total treasury to over 2.2 million SOL.

At the time of reporting, the market price of SOL hovered around $235, meaning the company’s combined SOL and cash assets now exceed $525 million. This milestone underscores the growing confidence among corporates in Solana as a viable treasury reserve asset.

The expansion comes shortly after a private placement offering on September 18, which provided the funding needed to accelerate the company’s SOL accumulation.

Corporate Strategy Mirrors Industry Leaders

Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT, compared Solana Company’s approach to other pioneering corporate treasury strategies:

“Following in the footsteps of Michael Saylor at MicroStrategy and Tom Lee at BMNR, Solana Company is focused on maximizing shareholder value by efficiently accumulating Solana. Our Solana and cash holdings now exceed the initial capital raise amount in less than three weeks.”

This approach reflects a broader trend where digital assets are being integrated into corporate balance sheets, highlighting the shift toward long-term value preservation and treasury diversification.

Solana Joins Growing Corporate Treasury Trend

Data from CoinGecko shows that corporate SOL accumulation has accelerated sharply in 2025, with companies increasingly viewing the token as a reserve asset.

• Forward Industries holds the largest corporate Solana treasury with over 6.8 million SOL valued at more than $1.5 billion.

• Other notable accumulators include DeFi Development Corp, Upexi, and Bit Mining, all of which made substantial acquisitions in the last month.

Solana Company’s 2.2 million SOL holdings now position it as the second-largest corporate SOL holder, signaling the growing institutional adoption of Solana as part of diversified digital asset portfolios.

Solana as a New Corporate Reserve Asset

While Bitcoin remains the dominant corporate reserve cryptocurrency, Solana is emerging as a high-performance alternative for treasury diversification. Its scalable network and yield-bearing staking model make it particularly attractive for companies looking to blend liquidity, long-term growth, and passive returns.

The trend of digital treasury adoption started with MicroStrategy’s Bitcoin accumulation in 2020, which currently totals over 640,000 BTC. Following this, other firms such as Marathon Holdings, MetaPlanet, and Tesla began mirroring the strategy.

Now, Solana is positioning itself alongside Bitcoin and Ethereum as a modern treasury reserve asset, reflecting a maturing corporate approach to crypto adoption.

Market Implications for SOL

HSDT’s treasury expansion could have multiple effects on the Solana ecosystem:

• Reduced circulating supply: Large-scale accumulation by corporations decreases the number of SOL tokens available for trading, potentially supporting price stability or upward momentum.

• Institutional confidence: Growing corporate holdings may encourage additional investors, both retail and institutional, to view SOL as a long-term store of value.

• Ecosystem growth: Increased treasury adoption strengthens the perceived credibility of the Solana network, potentially attracting more developers, partnerships, and staking activity.

Looking Ahead: Solana in Corporate Portfolios

As corporate adoption spreads, Solana is emerging as a key player in digital treasury management, redefining the boundaries of modern corporate finance.

With HSDT’s acquisition, Solana now joins Bitcoin and Ethereum as part of a broader strategy of diversified treasury reserves, marking a new chapter in how companies approach digital assets.

Market analysts suggest that continued corporate accumulation and a limited supply of tradable SOL could further solidify Solana’s position as a strategic treasury asset, supporting both ecosystem development and price performance.

Conclusion

Solana Company’s addition of 2.2 million SOL to its treasury highlights a clear trend: corporates are increasingly embracing digital assets as part of long-term balance sheet strategies.

This move reinforces Solana’s growing reputation as a reserve asset alongside Bitcoin and Ethereum, signaling that corporate confidence in SOL is stronger than ever. As digital asset adoption spreads, Solana is likely to play an increasingly central role in the evolving landscape of corporate treasury management.