Solana Company (HSDT), a NASDAQ-listed entity, saw its stock rise by 1.06% to $6.68 after disclosing that its SOL holdings have grown to over 2.3 million tokens, an increase of approximately 1 million since October 6. The company reported a gross staking yield of 7.03% APY for the epoch ending October 27, outperforming the top 10 validators' average of 6.67% APY by 36 basis points.
HSDT's strategy involves daily compounding of SOL rewards through institutional-grade staking infrastructure, with over $15 million in cash and stablecoins reserved for future digital asset operations. Backed by Pantera Capital, the firm combines capital market discipline with blockchain-native yield mechanisms to drive long-term growth, focusing on transparent asset reporting and efficient capital deployment.
Simultaneously, Solana's broader treasury has expanded significantly, with 20 corporate entities now holding 20.13 million SOL valued at $4.6 billion, representing 3.53% of the total supply, as highlighted by on-chain expert Ted Pillows. This growth underscores institutional confidence, with anticipation of a SOL staking ETF potentially attracting more inflows.
Solana's ecosystem momentum remains strong, processing over 3,500 transactions per second and supporting approximately 3.7 million daily active wallets. The network leads in DApp revenue at $4.67 million daily and DEX volume at $4.87 million daily, surpassing Ethereum and Binance Smart Chain. Despite SOL's price dipping to $195 with a 2% decline, daily trading volume increased by over 21%, reflecting resilient investor interest.
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