The Nasdaq-listed crypto treasury firm says the open-ended buyback plan aims to support share value and enhance Solana token accumulation.
Solana Company Approves $100 Million Stock Repurchase Program
Solana Company (HSDT) announced on Wednesday the approval of a share buyback plan worth up to $100 million, signaling renewed confidence in its long-term growth strategy despite ongoing market turbulence.
According to the official statement, the open-ended program enables the company to repurchase shares both in the open market and through negotiated transactions, allowing flexibility in execution based on market conditions.
“For our goal of maximizing SOL per share accumulation, there may be times when the best expected return of our capital is to acquire our own shares,” said Executive Chairman Joseph Chee. “In this period of market adjustment, our strategic focus remains unwavering, as does our commitment to delivering value and transparency to our shareholders.”
DATs Turn to Buybacks to Narrow NAV Discounts
Solana Company’s move follows a growing trend among digital asset treasuries (DATs) using buyback programs to reduce NAV (net asset value) discounts and stabilize share prices amid market volatility.
The company noted that the repurchase initiative reflects a measured capital allocation strategy aimed at reinforcing investor confidence while maintaining exposure to its core crypto holdings.
Expanding Solana Holdings Despite Market Pressure
Last week, the company disclosed the purchase of 100,000 Solana (SOL) tokens — worth around $20 million at the time — bringing its total holdings to over 2.3 million SOL. The move underscores its continued belief in Solana’s ecosystem, even as SOL prices and the firm’s stock have both suffered recent declines.
At $4.79 per share, Solana Company’s stock has fallen more than 70% in the past month, according to market data. Analysts suggest that the buyback program could help stabilize share performance by reducing market float and enhancing per-share value.
Earlier this week, Pantera Capital General Partner Cosmo Jiang joined Solana Company’s board, marking a strategic addition expected to strengthen institutional relationships and investment oversight.
With its $100 million repurchase plan and growing Solana portfolio, the company aims to restore investor trust and position itself as a long-term accumulator of blockchain-based assets — even in a challenging market environment.
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