Solana Company (NASDAQ: HSDT), a digital asset treasury focused on acquiring Solana (SOL), has chosen BitGo, a digital asset infrastructure provider, to manage the custody of its SOL holdings.
This partnership aims to strengthen Solana Company’s digital asset treasury strategy by ensuring secure and compliant management of its growing SOL reserves. HSDT, formerly known as Helius Medical Technologies, Inc., is dedicated to maximizing SOL per share by leveraging capital markets opportunities and on-chain activity, providing public market investors with exposure to Solana’s growth.
Joseph Chee, Executive Chairman of HSDT and Chairman of Summer Capital, stated, “Our collaboration with BitGo reinforces HSDT’s commitment to advance its mission of building a strong, transparent digital asset treasury. As we build our SOL treasury, we aim to uphold best practices that align with the highest standards of the broader institutional investment community.”
Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT, added, “Partnering with BitGo reflects our continued focus on institutional-grade infrastructure as we expand our digital asset treasury operations. Establishing a secure custody framework is essential for supporting long-term scalability and operational integrity.”
BitGo, established in 2013, provides custody, wallets, staking, trading, financing, and settlement services from regulated cold storage to thousands of institutions. Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo, commented on the collaboration: “BitGo is pleased to provide secure custody and staking infrastructure for Solana Company’s SOL holdings and expand our relationship with Pantera. HSDT has quickly established itself as a significant SOL investor, enabling differentiated exposure to investors seeking to capitalize on Solana’s secular growth. We look forward to partnering with the Company to initiate the highest standards of security and compliance and drive further value for investors.”
The Solana network continues to be a highly active blockchain, processing over 3,500 transactions per second and averaging approximately 3.7 million daily active wallets. The network has processed more than 23 billion transactions year-to-date, demonstrating its widespread adoption and user engagement.
