Solana enterprise reserves reach 16 million! 7% stake yield ignites institutional frenzy.

Solana, a company listed on NASDAQ (formerly Helius Medical Technologies), continued to expand its Solana reserves this month by adding approximately 100,000 shares of SOL, bringing its total token holdings to over 2.3 million. The listed company currently holds about 16 million shares of SOL, valued at approximately $3.2 billion, while this figure was nearly zero at the beginning of 2025.

HSDT Continuous Accumulation of Solana Details

(Source: Google)

According to a report released on October 29, HSDT added approximately 100,000 SOL this month, with a transaction value of about $20 million, bringing the total token holdings to over 2.3 million. This ongoing accumulation strategy demonstrates the company's strong confidence in the long-term value of Solana. HSDT was originally a medical technology company, Helius Medical Technologies, which later transformed into an investment firm focused on the Solana ecosystem. This dramatic business transformation reflects the growing interest of traditional enterprises in crypto assets.

The company also reported that its average staking yield exceeds 7%, slightly higher than the average yield of about 6.7% for the top ten validators. This yield is very attractive in the current low interest rate environment, especially compared to traditional fixed income products. The yield on the US 10-year Treasury bond is currently about 4.5%, while the 7% yield obtained through staking Solana by HSDT offers a significant premium, and this yield is denominated in SOL tokens, with the potential for additional capital appreciation if the price of SOL increases.

However, despite the increase in on-chain transactions, according to data from Google Finance, HSDT stock has fallen more than 50% in the past month, with trading prices close to $6.75 on Wednesday, down from a high of over $14 at the beginning of October. The divergence between the stock price and the increase in underlying assets is noteworthy. Possible reasons include: overall low sentiment in the cryptocurrency market, investors questioning the business model of HSDT, and concerns from traditional stock investors regarding the volatility of cryptocurrency assets.

HSDT Holdings and Earnings Data:

SOL Holdings: Over 2.3 million coins (approximately 100,000 coins added this month)

Value of Increase This Month: Approximately 20 million USD

Staking Yield: Over 7% (higher than the average of the top ten validators at 6.7%)

Stock Price Performance: Down over 50% this month, from $14 to $6.75

7% Staking Yield Becomes a Tool for Institutional Fundraising

The company's reported staking yield of over 7% is a key factor in attracting institutional funds. Solana employs a Proof of Stake (PoS) consensus mechanism, allowing holders to earn network rewards by staking SOL tokens. This mechanism not only provides holders with a stable cash flow income but also helps to ensure network security and decentralization.

A 7% annualized return is highly competitive in the current macroeconomic environment. Compared to traditional assets, this return is significantly higher than most fixed income products. More importantly, this yield is continuous and relatively stable, unlike the drastic fluctuations in cryptocurrency prices. For institutional investors, this predictable income stream is very attractive as it can help them achieve stable cash flow in their portfolios.

In addition, the existence of staking rewards also reduces the opportunity cost of holding SOL. Even if the price of SOL consolidates or slightly declines in the short term, a 7% annualized yield can partially offset the impact of price volatility. From the perspective of risk-adjusted returns, this combination of yield + potential capital appreciation makes Solana an attractive option in institutional asset allocation.

Solana ETF Launch Accelerates Institutional Adoption

This update comes as institutional investors are flocking to Solana. Grayscale Investments listed its Grayscale Solana Trust ETF (GSOL) on the NYSE Arca on Wednesday, introducing staking features for traditional investors; meanwhile, Bitwise listed its Solana ETF on the New York Stock Exchange the day prior. Despite the U.S. government shutdown causing operational limitations for the U.S. Securities and Exchange Commission (SEC), both funds are still launching as planned.

The launch of the Solana ETF is a milestone for the entire ecosystem. It provides a compliant investment channel for institutional investors (such as pension funds, insurance companies, etc.) who are unable to directly hold cryptocurrencies. These institutions are often subject to strict regulatory restrictions and cannot directly purchase and custody crypto assets, but they can invest in ETFs listed on regulated exchanges. Both Grayscale's and Bitwise's Solana ETFs offer staking features, meaning that ETF holders can not only benefit from the price appreciation of SOL but also share in the staking rewards.

Grayscale's GSOL and Bitwise's BSOL both received strong capital inflows on their launch day. According to data from SosoValue, BSOL had a capital inflow of 69 million dollars on its first day of trading, making it the strongest performer among the approximately 850 ETFs launched this year. This strong demand indicates that institutional interest in Solana is rapidly growing. As more institutions enter the Solana market through ETFs, the demand for the underlying SOL Token will continue to increase, which may provide long-term support for the price.

Trends in Corporate Reserve Expansion and Market Impact

Other listed companies are also expanding their balance sheets based on Solana. Forward Industries (FORD) is currently the largest Solana-exclusive fund, having recently established a cryptocurrency advisory committee consisting of 25 members after purchasing 6.8 million SOL (part of a cumulative plan worth $1.6 billion) and submitted a market issuance application worth $4 billion to fund further purchases.

Solmate Infrastructure (SLMT) (formerly known as Brera Holdings) stated last week that it has received a discount of 50 million USD in SOL from the Solana Foundation for establishing a new validation center in the UAE and implementing an “aggressive acquisition strategy.” This strategic partnership shows that the Solana Foundation is actively promoting the global expansion of the ecosystem by providing discount tokens to incentivize infrastructure development and corporate adoption.

The Block's corporate finance dashboard data shows that publicly traded companies currently hold approximately 16 million shares of SOL, worth about $3.2 billion, while this figure was almost zero at the beginning of 2025. This explosive growth from zero to $3.2 billion occurred in less than a year, indicating that corporate interest in Solana is experiencing exponential growth. This trend is similar to the situation in 2020-2021 when companies began incorporating Bitcoin into their balance sheets, with MicroStrategy leading the wave of corporate Bitcoin purchases.

The growth of corporate treasuries holding Solana has multiple effects on the market. Firstly, it reduces the circulating supply, as these companies typically adopt a long-term holding strategy rather than short-term trading. Secondly, it provides price support, as corporate purchases are usually large-scale and ongoing. Thirdly, it enhances the institutional recognition of Solana, attracting more traditional investors' attention. As more publicly listed companies incorporate Solana into their balance sheets, this positive cycle may continue to strengthen.