Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

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

by
October 7, 2025
in Crypto News
0
Nasdaq-Listed Solana Company Grows Treasury to $525M in SOL Holdings – Solana About to Explode?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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 6.

The 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 raise.

Cosmo 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.

Source: Strategic Solana Reserve

Forward Industries leads with 6.8 million SOL valued at $1.69 billion, followed by Sharps Technology with 2.1 million SOL and DeFi Development Corp with just over 2 million SOL.

Multi-Billion Dollar Treasury Commitments Drive Corporate Adoption

Forward Industries closed a $1.65 billion private placement on September 11, led by Galaxy Digital, Jump Crypto, and Multicoin Capital.

Kyle Samani from Multicoin Capital became the Chairman of the Board.

At the same time, the company filed plans for a $4 billion equity program and partnered with Superstate to tokenize its stock on the Solana blockchain.

As mentioned earlier, Helius Medical secured $500 million through an oversubscribed placement led by Pantera Capital in September, with an additional $750 million in stapled warrants, potentially bringing total treasury capital to $1.25 billion.

Investors included Summer Capital, Arrington Capital, Animoca Brands, and HashKey Capital. Following the announcement, HSDT stock surged over 159% from $7.91 to $45.51 before settling at $19.63.

VisionSys AI stock has fallen 57% after unveiling a $2B Solana treasury plan with @MarinadeFinance. Shares later partly recovered. #VisionSysAI #Solana #SOLhttps://t.co/gaUYAVnjOf

— Cryptonews.com (@cryptonews) 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 months.

Australian fitness company Fitell Corporation also secured a $100 million credit line for its treasury strategy with plans to rebrand as Solana Australia Corporation.

The company added 216.8 million Pump.fun tokens, valued at $1.5 million, and appointed David Swaney and Cailen Sullivan as advisers.

One 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 wallets.

Stock 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 period.

DeFi 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 notification.

Upexi 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 initiative.

The company also appointed former BitMEX CEO Arthur Hayes to its advisory committee.

Technical 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.

Source: X/@JamesEastonUK

The pattern’s measured move theoretically targets a $400 – $500 range, representing 70-115% upside from current levels.

Weekly Fibonacci extensions project potential targets at $406.90, $672.37, $1,103.30, and ultimately $2,247.46.

SOL has recovered approximately 2,800% from 2022-2023 cycle lows near $8, successfully reclaiming most major Fibonacci retracement levels.

The consolidation near 2021 highs represents a critical decision point where SOL must either break through with conviction or face potential rejection.

Moreover, the final deadline for spot SOL ETF approval is just four days away, with analysts assigning high approval chances this week.

Big week for Solana.

The final deadline for spot $SOL ETF approval is just 4 days away.

High chances we get the approval this week. pic.twitter.com/nAVUr2g7PC

— Lark Davis (@TheCryptoLark) 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 growth.

In fact, VanEck still maintains a bullish outlook, predicting SOL could reach $520 before year-end.

As 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 approval.

Failure at resistance could trigger a correction toward $150 – $180 support levels, with extended consolidation within $200 – $280 range also possible.

The post Nasdaq-Listed Solana Company Grows Treasury to $525M in SOL Holdings – Solana About to Explode? appeared first on Cryptonews.

Previous Post

Ethereum-Based Mutuum Finance (MUTM) Crosses $16.9M with Over 55% of Stage 6 Sold

Next Post

NYSE Owner Eyes Massive $2B Stake in Polymarket; Is a $10B Valuation Imminent?

Next Post
NYSE Owner Eyes Massive $2B Stake in Polymarket; Is a $10B Valuation Imminent?

NYSE Owner Eyes Massive $2B Stake in Polymarket; Is a $10B Valuation Imminent?

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

March 20, 2025
Oil Prices Rebound After Trump’s Criticism of Powell

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025
Sranan Gold Samples Up To 26.7 Grams Per Tonne Gold in The Poeketi Pit Area of The Tapanahony Project in Suriname

Sranan Gold Samples Up To 26.7 Grams Per Tonne Gold in The Poeketi Pit Area of The Tapanahony Project in Suriname

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Sranan Gold Samples Up To 26.7 Grams Per Tonne Gold in The Poeketi Pit Area of The Tapanahony Project in Suriname

Sranan Gold Samples Up To 26.7 Grams Per Tonne Gold in The Poeketi Pit Area of The Tapanahony Project in Suriname

October 7, 2025
Cartier Cuts 35.5 g/t Au over 0.5 m and 20.4 g/t Au over 0.5 m at Main ; Confirms Near-Surface High-Grade Gold Potential; Advances Toward VG10 Zone

Cartier Cuts 35.5 g/t Au over 0.5 m and 20.4 g/t Au over 0.5 m at Main ; Confirms Near-Surface High-Grade Gold Potential; Advances Toward VG10 Zone

October 7, 2025
Anteros Metals Enters Into Letter of Intent and Announces Private Placement of up to $1 Million

Anteros Metals Enters Into Letter of Intent and Announces Private Placement of up to $1 Million

October 7, 2025
CHARBONE Hydrogene securise les actifs de production d’hydrogene d’Harnois Energies pour accelerer la production d’hydrogene propre a ultra haute purete a Sorel-Tracy

CHARBONE Hydrogene securise les actifs de production d’hydrogene d’Harnois Energies pour accelerer la production d’hydrogene propre a ultra haute purete a Sorel-Tracy

October 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Sranan Gold Samples Up To 26.7 Grams Per Tonne Gold in The Poeketi Pit Area of The Tapanahony Project in Suriname

    Sranan Gold Samples Up To 26.7 Grams Per Tonne Gold in The Poeketi Pit Area of The Tapanahony Project in Suriname

    October 7, 2025
    Cartier Cuts 35.5 g/t Au over 0.5 m and 20.4 g/t Au over 0.5 m at Main ; Confirms Near-Surface High-Grade Gold Potential; Advances Toward VG10 Zone

    Cartier Cuts 35.5 g/t Au over 0.5 m and 20.4 g/t Au over 0.5 m at Main ; Confirms Near-Surface High-Grade Gold Potential; Advances Toward VG10 Zone

    October 7, 2025
    Anteros Metals Enters Into Letter of Intent and Announces Private Placement of up to $1 Million

    Anteros Metals Enters Into Letter of Intent and Announces Private Placement of up to $1 Million

    October 7, 2025
    CHARBONE Hydrogene securise les actifs de production d’hydrogene d’Harnois Energies pour accelerer la production d’hydrogene propre a ultra haute purete a Sorel-Tracy

    CHARBONE Hydrogene securise les actifs de production d’hydrogene d’Harnois Energies pour accelerer la production d’hydrogene propre a ultra haute purete a Sorel-Tracy

    October 7, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved