Solana Company (NASDAQ: HSDT) announced a significant increase in its Solana (“SOL”) token reserves and impressive staking performance as of October 29, 2023. The firm now holds over 2.3 million SOL, marking a rise of approximately one million SOL since its last update on October 6. This expansion reflects the company’s strategic approach to managing its digital asset portfolio.
In addition to its SOL holdings, Solana Company reported cash and stablecoin reserves exceeding $15 million. These funds will be used to further enhance its digital asset treasury strategy. For the month of October, the company achieved a remarkable average gross staking yield of 7.03% APY through the latest completed epoch on October 27. This yield surpassed the 6.67% APY stake-weighted average of the top ten validators by about 36 basis points.
Strategic Growth and Performance
The company’s SOL assets are primarily staked through institutional-grade validator infrastructure, with rewards being automatically restaked to maximize compounding returns. “Our strategy integrates disciplined capital markets execution with high-performance on-chain yield,” said Cosmo Jiang, General Partner at Pantera Capital and Board Observer at Solana Company.
Jiang noted that HSDT has increased its SOL holdings by roughly 5% in less than a month. The net effect of a gross staking yield exceeding 7% demonstrates that the company is effectively compounding its assets and outperforming important benchmarks. “This consistent alpha showcases the strength of our active management model, which captures both on-chain productivity and capital markets efficiency,” Jiang added.
Institutional Engagement and Ecosystem Growth
The company is witnessing a surge in institutional engagement, driven by significant milestones within the Solana network and ongoing ecosystem developments. Joseph Chee, Executive Chairman of Solana Company and Chairman of Summer Capital, emphasized the firm’s commitment to transparency and growth. “We operate at the intersection of capital markets and blockchain innovation,” Chee stated.
Solana continues to establish itself as a leading blockchain ecosystem, processing over 3,500 transactions per second while supporting approximately 3.7 million daily active wallets. With an estimated native staking yield around 7%, SOL remains a productive asset for long-term institutional investors.
Solana Company, developed in partnership with Pantera Capital and Summer Capital, serves as a dedicated institutional vehicle for participation in the Solana ecosystem. The firm combines capital markets access, on-chain management, and long-term staking strategies to generate sustainable returns denominated in SOL, positioning itself for ongoing growth in the evolving digital asset landscape.
