NEW YORK--(BUSINESS WIRE)--Solana Company (NASDAQ:HSDT) (“HSDT” or “the Company”), formerly known as Helius Medical Technologies, Inc., today announced it has selected BitGo, the digital asset infrastructure company, to serve as a custodian for the Company’s holdings of SOL, the native asset of the Solana Network. The partnership supports Solana Company’s digital asset treasury strategy as it continues to build its position in SOL.
“Our collaboration with BitGo reinforces HSDT’s commitment to advance its mission of building a strong, transparent digital asset treasury,” said Joseph Chee, Executive Chairman of HSDT and Chairman of Summer Capital. “As we build our SOL treasury, we aim to uphold best practices that align with the highest standards of the broader institutional investment community.”
“Partnering with BitGo reflects our continued focus on institutional-grade infrastructure as we expand our digital asset treasury operations. Establishing a secure custody framework is essential for supporting long-term scalability and operational integrity,” said Cosmo Jiang, General Partner at Panteral Capital and Board Observer at HSDT.
“BitGo is pleased to provide secure custody and staking infrastructure for Solana Company’s SOL holdings and expand our relationship with Pantera,” said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo. “HSDT has quickly established itself the preeminent SOL investor, enabling differentiated exposure to investors seeking to capitalize on Solana’s secular growth. We look forward to partnering with the Company to initiate the highest standards of security and compliance and drive further value for investors.”
Solana remains one of the most active blockchain networks, processing more than 3,500 transactions per second, averaging approximately 3.7 million daily active wallets. The network has surpassed 23 billion transactions year-to-date, reflecting its broad adoption and strong user engagement.
About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, BitGo has been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of investors.
About Solana Company
Solana Company (Nasdaq: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and onchain activity, Solana Company offers public market investors optimal exposure to Solana’s secular growth.
Forward Looking Statements
This press release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release also includes express and implied forward-looking statements regarding the Company's current expectations, estimates, opinions and beliefs that are not historical facts. Such forward-looking statements may be identified by words such as "believes," "expects," "endeavors," "anticipates," "intends," "plans," "estimates," "projects," "should" and "objective" and the negative and variations of such words and similar words. These statements are made on the basis of current knowledge and, by their nature, involve numerous assumptions and uncertainties. Nothing set forth herein should be regarded as a representation, warranty or prediction that we will achieve or are likely to achieve any particular future result. Actual results may differ materially from those indicated in the forward-looking statements because the realization of those results is subject to many risks and uncertainties, including the risk that we may fail to realize the anticipated benefits of the private placement, including the ability of the Company to execute on its digital asset treasury strategy, as well as risks related to economic conditions, fluctuations in the market price of SOL, and the evolving regulatory environment, as well as other factors. Forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no duty to update such information except as required under applicable law.
Contacts
Media
BitGo press@bitgo.com
Helius Medical Technologies, Inc. investorrelations@heliusmedical.com
Pantera Capital Management LP ir@panteracapital.com, press@panteracapital.com
Summer Capital Limited pr@summer-cap.com