Solana Company to Buy 5% of SOL Tokens and Pursue Hong Kong Listing

Highlights:

• Solana Company aims to buy 5% of all SOL tokens worth over $6 billion.
• The firm plans a Hong Kong public listing to expand its blockchain market presence.
• Institutional interest in Solana grows as major firms increase their treasury holdings.

Helius Medical Technologies, now rebranded as Solana Company, is taking an aggressive step in its digital asset strategy. In a recent interview with a local newspaper, Executive Chairman Joseph Chee revealed that the company plans to acquire 5% of the total Solana token supply, valued at over $6 billion. He said that the goal is to make Solana Company one of the top institutional holders in the Solana ecosystem.

Advertisement

Solana Company is also preparing to go public in Hong Kong as part of its growth plans. This shows the company’s strong focus on expanding and becoming more active in the blockchain world. However, the listing will happen only after it meets the needed market value and regulatory rules.

Joseph Chee shared the company’s urgency, saying, “Maybe in six months, we will come here (Hong Kong) as soon as possible.” This decision reflects the company’s goal to connect with Asia’s fast-growing crypto and blockchain market.

Solana DAT company Helius stated that the company aims to acquire at least 5% of Solana and pointed out that as long as the market capitalization and regulatory requirements are met, the second listing location will be Hong Kong, or within 6 months. https://t.co/Wl5kvlGx9u…

— Wu Blockchain (@WuBlockchain) October 9, 2025

Chee also explained why the company chose Solana over Ethereum for its treasury. He said Solana can process over 1,500 transactions per second, making it faster, more scalable, and cost-effective. This performance-focused approach supports the company’s long-term goal of building and strengthening the Solana ecosystem.

Solana Company Increases SOL Holdings and Supports Ecosystem Growth

The latest development follows Solana Company’s recent report showing it now holds over 2.2 million SOL tokens. The firm also plans to invest another $15 million in cash to further expand its digital asset treasury. This rising institutional interest in Solana marks a growing shift beyond Bitcoin and Ethereum, as companies look toward next-generation blockchains for treasury diversification. 

On September 29, Helius changed its name to Solana Company while keeping its ticker, HSDT, unchanged. The CEO explained that the rebrand shows the company’s confidence in Solana’s future growth. He added that this step reinforces their commitment to actively supporting and expanding the Solana ecosystem.

On the same day, Solana Company announced a collaboration with the Solana Foundation. The partnership aims to support and grow the Solana ecosystem. It will involve co-hosting events, organizing institutional roundtables, and taking part in foundation-led initiatives.

🚨BREAKING: Helius Medical Technologies, Inc. (Nasdaq: HSDT) announced an oversubscribed $500M PIPE led by @PanteraCapital and Summer Capital to launch a Solana treasury company. The vehicle includes $750M in stapled warrants, with potential to scale above $1.25B. pic.twitter.com/VxAXgDp44d

— SolanaFloor (@SolanaFloor) September 15, 2025

SOL Price Rises as Institutional Holdings Grow

After Solana Company announced its new SOL purchase, the token started moving up again. It recovered well from its recent drop and showed strong momentum. At the moment, SOL is trading at $226, up 1.67% in a day, 0.12% in a week, and 3.91% in a month.

Altogether, Solana digital asset treasury firms now hold about 17.8 million SOL, representing around 3.10% of the total token supply. Forward Industries holds the largest share with 6.822 million SOL. Sharps Technology comes next with 2.140 million SOL. Other major holders include Upexi and DeFi Development Corp. Both companies also own more than 2 million SOL each.

Advertisement