Publicly traded company Solana Company disclosed its additional $20 million SOL holdings

BlockBeats News, October 30th, Nasdaq-listed company Solana Company (stock code HSDT, formerly known as Helius Medical Technologies) continued to increase its Solana (SOL) holdings this month, according to an announcement on Wednesday. The company added approximately 100,000 SOL, worth around $20 million, bringing its total SOL holdings to over 2.3 million tokens. The company also disclosed that its staking yield averages over 7%, slightly higher than the average level of around 6.7% for the top ten validators.

Despite significant appreciation in on-chain assets, HSDT's stock price has plummeted by over 50% in the past month. According to Google Finance data, on Wednesday, its trading price was close to $6.75, a sharp decline from the high of over $14 at the beginning of October.