Solana treasury company HSDT has completed a $15 million stock offering, according to The Block. The deal was priced at a 5% premium to the company’s net asset value and included warrants. HSDT is currently the fourth-largest publicly listed Solana reserve company by size, holding about 2.3 million SOL valued at roughly $273.5 million. The company said the proceeds from the financing will be used either to buy more SOL or to repurchase its own shares. The announcement adds to the list of public companies using equity financing to expand crypto treasury exposure while also keeping buybacks on the table as a capital allocation option.
Solana treasury company HSDT has completed a $15 million stock offering, according to The Block. The offering was priced at a 5% premium to the company’s net asset value, or NAV, and included warrants.
HSDT is currently the fourth-largest publicly listed Solana reserve company by size. It holds about 2.3 million SOL, valued at roughly $273.5 million. The company said proceeds from the financing will be used to purchase additional SOL or to repurchase its own stock.
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