Shares of Solana Company (NASDAQ: HSDT) climbed roughly 17% to around $2.30 after the firm introduced a structure allowing institutions to borrow against natively staked SOL while keeping assets in custody. The move is designed to unlock liquidity from treasury holdings without forcing token sales during a prolonged downturn in Solana-linked equities.
The company, formerly Helius Medical Technologies, partnered with Anchorage Digital and Kamino to facilitate loans backed by staked SOL. Under the model, tokens remain staked and held in segregated custody accounts, enabling holders to continue earning staking rewards while accessing onchain liquidity.
Solana Treasury Strategy Under Pressure
Despite Friday’s rebound, the stock remains down about 90% since its strategic pivot to a Solana-focused treasury model last September. Solana Company currently holds approximately 2.3 million SOL, valued near $200 million, making it the second-largest publicly traded holder behind Forward Industries.
SOL prices have fallen sharply from around $245 at the time of the company’s rebrand to roughly $70 last week, before recovering toward the mid-$80 range. The decline has pressured corporate balance sheets across the sector.
Peers such as SOL Strategies, Sharps Technology and Upexi are increasingly relying on staking income and yield-focused strategies as price appreciation alone proves insufficient in the current market environment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.