Nasdaq-Listed Solana Company Grows Treasury to $525M in SOL Holdings – Solana About to Explode?
Helius Medical Technologies, now working as HSDT Solana Company, has grown its Solana treasury to greater than 2.2 million SOL tokens price over $525 million, mixed with money holdings exceeding $15 million, the corporate introduced on October 6.
The acquisition was made lower than three weeks after the preliminary $500 million private placement closed on September 18, with the mixed worth already surpassing the gross proceeds from the unique capital increase.
Cosmo Jiang, General Partner at Pantera Capital and Board Observer, famous the corporate is “targeted on maximizing shareholder worth by effectively accumulating Solana.”
Institutional Solana treasury holdings have surged previous $4 billion throughout 18 tracked members controlling 3.1% of the circulating provide, in accordance to Strategic Solana Reserve knowledge.
Forward Industries leads with 6.8 million SOL valued at $1.69 billion, adopted by Sharps Technology with 2.1 million SOL and DeFi Development Corp with simply 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 turned the Chairman of the Board.
At the identical time, the corporate filed plans for a $4 billion equity program and partnered with Superstate to tokenize its inventory on the Solana blockchain.
As talked about earlier, Helius Medical secured $500 million by means of an oversubscribed placement led by Pantera Capital in September, with a further $750 million in stapled warrants, probably bringing whole treasury capital to $1.25 billion.
Investors included Summer Capital, Arrington Capital, Animoca Brands, and HashKey Capital. Following the announcement, HSDT inventory surged over 159% from $7.91 to $45.51 earlier than settling at $19.63.
VisionSys AI inventory 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, beginning with a $500 million SOL acquisition over six months.
Australian health firm Fitell Corporation also secured a $100 million credit line for its treasury technique with plans to rebrand as Solana Australia Corporation.
The firm 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 main corporations, SOL Strategies, commenced trading on Nasdaq under ticker STKE on September 10, with $94 million in holdings, managing 3.62 million SOL underneath delegation and participation from 8,812 distinctive wallets.
Sharps Technology announced a $100 million stock repurchase program on October 2, following its $400 million non-public placement in August.
However, STSS shares closed at $6.67, down 43% over the previous month regardless of Solana rallying 55.5% throughout the identical interval.
DeFi Development Corp has additionally approved a rise in its repurchase program from $1 million to $100 million, with an preliminary threshold of $10 million requiring extra 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% improve since launching the initiative.
The firm additionally appointed former BitMEX CEO Arthur Hayes to its advisory committee.
Technical Indicators Suggest Binary Outcome at Multi-Year Resistance
Multi-year chart evaluation reveals a large cup and deal with formation, with SOL buying and selling at $231.34, close to crucial resistance round $260-280, representing the 2021 cycle highs.
The sample’s measured transfer theoretically targets a $400 – $500 vary, representing 70-115% upside from present ranges.
Weekly Fibonacci extensions project potential targets at $406.90, $672.37, $1,103.30, and in the end $2,247.46.
SOL has recovered roughly 2,800% from 2022-2023 cycle lows close to $8, efficiently reclaiming most main Fibonacci retracement ranges.
The consolidation close to 2021 highs represents a crucial determination level the place SOL should both break by means of with conviction or face potential rejection.
Moreover, the ultimate deadline for spot SOL ETF approval is simply 4 days away, with analysts assigning high approval probabilities this week.
In September, SOL outpaced Ethereum with a 26% month-to-month acquire, in contrast to ETH’s 8%.
Upcoming upgrades, together with Firedancer, Alpenglow, and state compression, are anticipated to assist additional progress.
In truth, VanEck nonetheless maintains a bullish outlook, predicting SOL may attain $520 earlier than year-end.
As it stands now, Solana faces binary outcomes at multi-year resistance round $260-280, the place a profitable breakout may drive development towards $350-400, supported by company treasury accumulation and potential ETF approval.
Failure at resistance may set off a correction towards $150 – $180 assist ranges, with prolonged consolidation inside $200 – $280 vary additionally attainable.
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