Solana Company plans 5% of total supply – New boom in Hong Kong!

Solana Company plans 5% of total supply – New boom in Hong Kong!

Helius, now known as Solana Company, is planning a significant expansion of its digital assets. The company intends to acquire over 5% of the total SOL offering, valuing it at over $6 billion. The company currently holds 2.2 million SOL and plans to use an additional $15 million in cash to further expand its crypto treasury. This strategy shows confidence in Solana's future and underlines its aspirations to position itself as a leading player in the crypto market. Crypto.news reports that…

Joseph Chee, executive chairman of Solana Company, said he would seek a secondary listing in Hong Kong within the next six months. However, this depends on market capitalization and regulatory requirements. The decision to list in Hong Kong could significantly increase the company's international reach and credibility in the market.

Strategic partnerships and market position

Solana Company prefers the Solana blockchain over Ethereum for its treasury strategy. The main reason for this is Solana's higher transaction speed, which is over 1,500 transactions per second. This efficiency provides the company with advantages in terms of scalability and cost. Institutional investors including Pantera Capital and Xia Yan Capital are backing Solana Company. The company has also established a partnership with the Solana Foundation to advance the development of the ecosystem in Asia.

Currently, digital assets among treasury firms (DATs) hold a total of 17.8 million SOL, representing 3.10% of the total supply. The leading role is played by Forward Industries with 6.822 million SOL, followed by Sharps Technology, which holds 2.140 million SOL. Other notable institutions that also have 2 million SOL include DeFi Development Corp. and Upexi. These accumulations of SOL by institutional players indicate a more mature crypto market and show increasing diversification beyond Bitcoin and Ethereum.