Business
Solana Company Reports Fourth Quarter and Full Year 2025 Financial Results
NEWTOWN, Pa., March 30, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed company that has expanded its
About this update from Solana Company
[{"type":"text","content":"NEWTOWN, Pa., March 30, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed company that has expanded its business to include a digital asset treasury (“DAT”) dedicated to acquiring and holding Solana tokens (“SOL”), today announced results for the quarter and full year ended December 31, 2025. Fourth Quarter and Full Year Recent Business Updates Generated $5.1 million in staking rewards in the fourth quarter of 2025 and $5.5 million for the full year, as substantially all SOL holdings were staked throughout the periodRaised $29.9 million in 2025 through the Company’s ATM programs, with proceeds used primarily to purchase SOL on an net asset value (“NAV”)/share accretive basisRepurchased $3.4 million of common stock in 2026, funded primarily through the sale of SOL, while NAV/share accretive to do soAdopted share repurchase program, initiating share repurchases totaling $3.4 million to-date in 2026The Company continues to evaluate a broad range of capital actions, including equity and debt financings, that are accretive to shareholder valueThe Company, together with Anchorage Digital and Kamino, launched the first-ever digital asset treasury to enable borrowing against natively staked SOL in qualified custodyInitiated a strategic roadmap to invest in a new low-latency cluster in Asia Pacific to drive staking and validation “The Company’s business expansion through the implementation of the DAT strategy has delivered tangible results. The Company maintains a strengthened balance sheet, and sufficient liquidity to support ongoing investment activities and long-term sustainable growth.” Joseph Chee, Executive Chairman at Solana Company said. “Notwithstanding the foregoing, the unanticipated and adverse downturn in the cryptocurrency industry—which we believe has been exacerbated by geopolitical uncertainties including U.S. tariff policies, armed conflicts and elevated crude oil prices—has adversely impacted the performance of the DAT strategy. Nevertheless, the Company remains steadfast in its long-term SOL accumulation strategy, with a particular focus on enhancing SOL per share metrics and expanding its SOL holdings in an accretive fashion. The Company’s objective of serving as the institutional access gateway for exposure to the Solana Ecosystem remains unchanged and firmly intact....