Solana (SOL) Treasury News: HSDT Brings Forward PIPE Share Unlock Amid 60% Stock Slide
Pantera-backed Solana company HSDT is unlocking early investor shares ahead of schedule despite its stock price plunging nearly 60%.Summary
HSDT, a digital asset treasury firm backed by Pantera Capital, has accelerated the unlock of shares for investors from its $500 million PIPE round, even as its stock trades significantly below the initial purchase price. The company stated this move is about "ripping the band-aid off" to establish a foundation of committed long-term shareholders, contrasting with other firms that might stall. HSDT shares have recently tumbled, losing nearly 60% of their market value over three sessions, dropping to around $6.50 from the PIPE placement price of $6.881. This decline follows a broader market trend where several digital asset treasury firms saw their stock prices collapse after the resale registration for PIPE investors went live, raising concerns about the sustainability of this capital-raising structure in crypto markets.
(Source：CoinDesk)