Solana treasury company HSDT completes $15 million share offering, to buy more SOL or repurchase shares

PANews reported on October 1, citing The Block, that Solana treasury company HSDT announced the completion of a $15 million share offering, priced at a 5% premium to the company's net asset value (NAV) and accompanied by warrants.

The company is currently the fourth-largest publicly listed Solana reserve company, holding approximately 2.3 million SOL worth about $273.5 million. Proceeds from the offering will be used to further purchase SOL or repurchase company shares.