Solana Company bought 100 million SOL more: Total assets exceeded 2.3 million SOL.

Recently, significant developments have been occurring in the cryptocurrency markets. In particular, the increasing interest in the Solana (SOL) network is capturing the attention of investors. The Solana Company (HSDT), which is traded on the Nasdaq, acquired approximately 100,000 Solana this October, bringing its total holdings to over 2.3 million SOL. Last year, the company, which shifted its focus from medical technologies to blockchain investments, changed its name from Helius Medical Technologies to Solana Company.

According to the company’s latest report, the value of the new acquisition made this month is around 20 million dollars. Solana Company announced that, with these investments, it has achieved a staking return of over 7%. This rate slightly surpasses the average return of 6.7% from the top 10 validators in the Solana network. However, despite all these gains, HSDT shares have decreased by more than 50% in the last month, falling from the 14 dollar level at the beginning of October to 6.75 dollars.

As institutional investors' interest in Solana rapidly increases these days, the company's move is drawing attention. Grayscale launched the Grayscale Solana Trust ETF (GSOL) on NYSE Arca this week. Bitwise also caught attention by listing its own Solana ETF on the New York Stock Exchange a day earlier. The fact that both funds have completed the approval process despite the partial government shutdown in the U.S. is enhancing investor confidence.

One of the pioneers of this trend, Forward Industries (FORD), recently acquired 6.8 million SOL (approximately 1.6 billion dollarsSolana treasury. At the same time, Solmate Infrastructure (SLMT) plans to establish a new validator center in the United Arab Emirates by procuring 50 million dollars worth of discounted SOL from the Solana Foundation.

In conclusion, the increase in institutional interest in Solana is seen as a positive signal for the market. It is crucial for investors to closely monitor these developments and to formulate their strategies considering market dynamics.