Welcome to our dedicated page for Solana news (Ticker: HSDT), a resource for investors and traders seeking the latest updates and insights on Solana stock.
Solana Company reports developments as a Nasdaq-listed company with a digital asset treasury dedicated to acquiring and holding Solana tokens (SOL) and a legacy neurotechnology medical-device business. News commonly covers SOL accumulation, staking rewards, NAV-per-share capital strategy, ATM and registered-direct equity financing, share repurchases, and financial results shaped by digital-asset fair value changes.
Company updates also describe institutional Solana infrastructure initiatives in Asia-Pacific, including validator and staking infrastructure, qualified-custody borrowing against natively staked SOL, and ecosystem partnerships with organizations such as Jito Foundation, Anchorage Digital, and Kamino.
Solana Company (NASDAQ: HSDT), a digital asset treasury and institutional Solana validator operator in Asia-Pacific, outlined its voting positions on the first three Solana Governance Proposals ahead of on-chain voting expected to start on 22 August 2026. The company plans to vote FOR SGP-0001 (The Solana Constitution) and AGAINST SGP-0002 (Double Disinflation Rate) and SGP-0003 (Resource and Inclusion Fee).
According to Solana Company, its opposition to SGP-0002 and SGP-0003 is based on timing rather than objectives, emphasizing institutional demand for predictable economic parameters, including staking yields and transaction fees. The company is publishing its positions in advance so delegators can make informed voting decisions.
Solana Company (NASDAQ: HSDT) reported second quarter 2026 revenue of $2.5 million, almost entirely from staking on its SOL holdings, up sharply from $43 thousand a year earlier. Gross profit was $2.4 million, a roughly 97% gross margin.
Net operating expenses rose to $35.1 million, including higher general and administrative costs and realized and unrealized digital asset losses, leading to a loss from operations of $32.7 million and a net loss of $30.3 million ($0.38 per share). The company completed the divestiture of its PoNS medical device business, recording a $3.1 million gain, and executed a registered direct equity offering for net proceeds of $7.9 million while repurchasing about $2.3 million of shares.
At June 30, 2026, total assets were $176.1 million, including $3.6 million in cash and $147.3 million in long-term digital assets and related exposure.
Solana Company (NASDAQ: HSDT), a digital asset treasury, infrastructure, and services company focused on institutional access to the Solana ecosystem, plans to release its second quarter 2026 operating results on Friday, August 14, 2026, after market close.
Management will hold a conference call and webcast at 4:30 p.m. Eastern Time the same day, with access via a webcast link and a participant call link requiring registration for a unique PIN and dial-in details. The webcast will later be archived in the News & Events section of the company’s investor relations website.
Solana Company (Nasdaq:HSDT) signed a Memorandum of Understanding with the Administration of Alatau City in Kazakhstan to develop institutional blockchain infrastructure and digital assets.
The partnership targets education, stablecoin payments, real-world asset tokenization, and four focus areas: digital asset treasury, blockchain infrastructure, institutional adoption, and platform development within Central Asia’s emerging digital finance hub.
Solana Company (NASDAQ:HSDT) announced that its Board of Directors unanimously rejected an unsolicited, non-binding all-stock acquisition proposal from Forward Industries received on June 4, 2026.
The offer valued Solana at $1.48 per share. The Board concluded the proposal undervalued Solana and was not in the best interests of stockholders. No stockholder action is required.
Solana Company (NASDAQ:HSDT) reported first quarter 2026 revenue of $3.6 million, mainly from $3.4 million in SOL staking rewards, versus $49,000 a year earlier. Gross profit reached $3.4 million. However, large non-cash losses on digital assets drove a reported net loss of $99.8 million, or $1.30 per share.
Cash was $4.4 million and total digital assets and related exposure at fair value were $193.8 million. The company repurchased about $3.5 million of shares and advanced its Pacific Backbone validator initiative through new partnerships.
Solana Company (NASDAQ:HSDT) will release its first quarter 2026 operating results on Friday, May 15, 2026, after market close. Management will host a conference call and webcast at 4:30 p.m. Eastern Time to discuss results and provide a business update.
The webcast will be available live and later archived in the News & Events section of the company’s investor relations website.
Jito Foundation and Solana Company (NASDAQ: HSDT) announced a strategic partnership on May 6, 2026 to expand institutional Solana infrastructure across the Asia-Pacific region. The collaboration targets deployment of high-performance validators on Solana Company’s Pacific Backbone in Hong Kong, Singapore, Japan, and South Korea.
The alliance will run the Jito Block Assembly Marketplace (BAM) on those validators, co-develop institutional staking and yield solutions built around JitoSOL, and coordinate APAC go-to-market activities, research, and educational initiatives aimed at asset managers and regulated financial entities.
Solana Company (NASDAQ: HSDT) announced a registered direct offering of 3,076,922 Class A common shares at $2.60 per share, led by Mirae Asset with participation from Hashkey Capital. Aggregate proceeds are expected to be approximately $8.0 million (net ~$7.9 million/b).The company also granted purchasers a put option allowing repurchase at a price that yields a 7.0% annual IRR upon specified future events. Net proceeds are intended for accumulating SOL, working capital, corporate purposes, business expansion, and strategic initiatives. A final prospectus supplement will be filed with the SEC.
Solana Company (NASDAQ: HSDT) appointed Madelene Gani as Chief Operating Officer and Deputy Chief Financial Officer, effective April 6, 2026. Gani brings over 25 years of finance and operations experience and a track record including Hedera, Aptos, Gemini, and JUUL Labs.
The hire targets institutionalizing operations, expanding yield and revenue generation, and accelerating global infrastructure and treasury initiatives as the company moves from planning to active execution.