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CORRECTION FROM SOURCE: Solana Adds 0.1M SOL Since October, Now Holds Over 2.3M SOL And $15M Of Cash And Stablecoins To Accelerate Digital Asset Strategy

Benzinga Newsdesk 1 year ago

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In a release issued under the same headline on Wednesday, October 29th by Solana Company (NASDAQ:HSDT), please note that in the first sentence of the third paragraph, the increase of the amount of "SOL" held should be

In a release issued under the same headline on Wednesday, October 29th by Solana Company (NASDAQ:HSDT), please note that in the first sentence of the third paragraph, the increase of the amount of "SOL" held should be roughly 0.1 million, not 1 million. The corrected release follows: 

Solana Company (NASDAQ:HSDT) (the "Company" or "HSDT") today announced its updated Solana ("SOL") token and cash holdings as of Oct. 29 at 12:00 am ET, as well as its current staking performance.

This update reflects the Company's continued execution of its mission to maximize SOL per share through disciplined execution of its digital asset treasury strategy including capital deployment, active onchain management, and transparent reporting.

As of Oct. 29, the Company and its subsidiaries collectively hold over 2.3 million SOL, which is an increase of roughly 0.1 million since our last update on Oct. 6. The Company and its subsidiaries also collectively hold in excess of $15 million of cash and stablecoins, which it intends to use to further the digital asset strategy.

For the month of October through October 27th (the latest complete epoch), the Company's average gross staking yield was 7.03% APY. This performance was approximately 36 basis points better than the 6.67% APY stake-weighted average of the top 10 validators over that same period. Solana Company's SOL holdings are primarily staked through institutional-grade validator infrastructure, with rewards automatically restaked to compound returns. This staking yield translates to consistent daily onchain revenue generation while preserving full liquidity and custody of underlying assets.

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