Solana Company Announces Positions and Votes on first Solana Governance Proposals
Rhea-AI Summary
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.
Positive
- None.
Negative
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News Explained
The company’s announced votes remain prospective before on-chain voting expected to open on
Key Figures
Previous Crypto Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 16 | acquisition proposal rejection | Positive | -6.9% | Board rejected Forward Industries’ non-binding all-stock proposal valued at $1.48 per share. |
| Apr 09 | executive appointment | Neutral | +0.0% | Appointed Madelene Gani COO and Deputy CFO to lead operational expansion. |
| Feb 23 | backbone infrastructure plan | Positive | -7.4% | Announced Asia-Pacific low-latency infrastructure buildout targeting market makers, exchanges, and institutional partners. |
| Feb 13 | staked SOL borrowing | Positive | +14.5% | Launched custody model enabling institutions to borrow against natively staked SOL. |
| Nov 12 | share tokenization plan | Positive | +1.4% | Planned tokenized HSDT shares with 24/7 trading and real-time settlement. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-matched crypto events averaged a 0.32% move, with three aligned reactions and two divergences, including negative reactions to positive announcements.
Key Terms
on-chain voting technical
stake-weighted vote technical
disinflation financial
terminal inflation rate financial
staking yield financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHILADELPHIA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT), a listed digital asset treasury company and operator of institutional Solana validator infrastructure across Asia-Pacific, today announced its positions on the first three Solana Governance Proposals (SGPs) ahead of on-chain voting expected to open on 22 August 2026:
- FOR — SGP-0001, The Solana Constitution
- AGAINST — SGP-0002, Double Disinflation Rate
- AGAINST — SGP-0003, Resource and Inclusion Fee
Solana Company supports the new Solana governance system. By giving every staking participant a transparent, stake-weighted vote — and by guaranteeing that the underlying holder can always override the vote of its operator — it provides neutral infrastructure through which institutions can participate directly in the decisions that shape the network. That participation will strengthen Solana’s position as global financial infrastructure, and ratifying the Constitution (SGP-0001) is the right first step.
The Company will vote against SGP-0002 and SGP-0003 on grounds of timing, not intent. Both proposals pursue reasonable long-term goals — lower issuance and fees that better reflect network resources. However, this is a critical moment for institutional adoption of Solana, and capital markets place heavy emphasis on maintaining consistent rules.
In the Company's conversations with institutions, the level of issuance is rarely cited as an obstacle; more commonly, its uncertainty over whether the network's economics can be relied on over a multi-year horizon. Repricing the network's two most stable economic parameters in the governance process's first live cycle risks delaying institutions that are currently evaluating participation in validator operations and staking.
On SGP-0002: Solana's terminal inflation rate of
On SGP-0003: the Company agrees that a flat fee mismatches cost to network load, but today's fee is a known constant that financial institutions using Solana can budget in advance. Making transaction cost variable before the ecosystem has adapted transfers estimation risk to users and operators. The Company would revisit its position on a revised design that preserves a deterministic fee floor.
"We strongly believe that institutional adoption is a critical driver of Solana's growth, and institutions make decisions based on consistent, predictable structures. The positions we have outlined today are in support of furthering institutional adoption and we look forward to collaborating further with the industry to jointly shape the Solana network. Solana Company fully supports the SGP as an important foundation to attract more institutional participation in the growth and governance of the network." — Joseph Chee, Chairman and Chief Executive Officer, Solana Company
The Company states its voting positions openly and in advance so that delegators can exercise their own vote with full knowledge of their operator’s position.
About Solana Company
Solana Company (Nasdaq: HSDT) is a publicly listed digital asset treasury and infrastructure company purpose-built to maximize SOL per share. The company combines active treasury management, institutional-grade staking and validator operations with bespoke advisory services for financial institutions navigating blockchain adoption. Solana Company executes a self-reinforcing flywheel designed to compound value with every turn. The company's mission is to put more SOL behind every share, bridging public capital markets with the most commercially viable blockchain for institutions and financial applications. Visit https://www.solanacompany.co/ for more information.
Media contact:
M Group Strategic Communications (on behalf of Solana Company)
solanaco@mgroupsc.com
This statement describes Solana Company's governance voting position on the Solana network. It is not investment advice and is not a recommendation to buy, sell or hold any digital asset or security. It contains no forecast of the price of SOL or of the Company's results.
