Solana Company shares jump 17% as firm rolls out borrowing against staked SOL

Solana Company (NASDAQ: HSDT) saw its shares jump approximately 17% after announcing a new structure that permits institutions to borrow capital against their natively staked SOL while maintaining custody and continuing to earn staking rewards. This initiative, developed in partnership with Anchorage Digital and Kamino, aims to unlock liquidity from treasury holdings without requiring tokens to be unstaked or sold. The stock rebounded to around $2.30, though it remains significantly down since the company pivoted to a Solana treasury strategy last September. Solana Company is the second-largest publicly traded holder of SOL, with about 2.3 million tokens. This move comes as publicly listed firms holding SOL treasuries face pressure from the token's price volatility, forcing them to rely more on staking income and alternative yield strategies for survival.

(Source：The Block)