Solana treasury company HSDT completes $15 million stock offering, plans to increase SOL holdings

BlockBeats news, October 1st, Solana treasury company HSDT has priced a $15 million stock issuance plan, with attached warrants. The issuance price represents a 5% premium over the company's net asset value (NAV).

HSDT is currently the fourth-largest publicly listed Solana treasury company, holding 2.3 million SOL, valued at approximately $273.5 million. The company stated that the proceeds from this financing will be used to purchase more SOL or conduct stock buybacks.