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Stock impact report

Solana Company Accumulates $525M in SOL Treasury as Stock Surges 190% [Yahoo! Finance]

Solana Company - Class A (HSDT) 
Company Research Source: Yahoo! Finance
a digital asset treasury (DAT) program and now holds more than 2.2 million SOL, alongside over $15 million in cash earmarked to expand the strategy, according to an Oct. 6 press release. At a reference price of $232.50 per SOL as of 12:00 AM ET on Oct. 6, the firm stated that the combined value of SOL and cash exceeds $525 million, surpassing the gross proceeds from its private placement that closed on Sept. 18 . The company described the move as a long-term commitment to the Solana ecosystem, while continuing to develop its neurotech and medical device operations. Solana Company is Looking to Stake SOL and Follow The Treasury Trend The company highlighted Solana network data to justify the accumulation, citing processing capacity above 3,500 transactions per second, roughly 3.7 million daily active wallets, and more than 23 billion transactions year to date, with SOL offering an estimated 7% native staking yield by design, unlike non-yield-bearing assets such as BTC, according Show less Read more
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