HSDT · NASDAQ · Asset Management

Solana Company (HSDT)

Acquires, holds, and stakes SOL through a listed digital-asset treasury model.

$3.25
vs last close+0.14 (+4.48%)
Loading prices…

Solana CompanyHSDT
Financial sector

Acquires and holds SOL as a listed digital-asset treasury, earning staking rewards through network participation. Its former PoNS medical-device assets were sold to Bioness Medical in April 2026.

Acquires and holds SOL through a digital-asset-treasury strategy, using capital-markets activity and on-chain opportunities to increase SOL per share. Staking rewards are a revenue source, and the company has announced a roadmap for low-latency staking and validation infrastructure focused initially on Asia-Pacific.

Previously operated PoNS Therapy, a medical-device system combining a controller and mouthpiece that delivers mild electrical stimulation to the tongue with physical therapy; its PoNS assets were sold to Bioness Medical in April 2026. Operations depend on SOL's market value, liquidity, custody, validator mechanics, and the regulatory treatment of digital-asset activities.

Company facts

CEOJoseph Chee
ListedJun 27, 2014
ExchangeNASDAQ
HeadquartersNewtown, PA
CountryUnited States
Employees21
CIK0001610853
ISINUS42328V8761

Market cap$181.6M
EPS (ttm)−$30.32
P/E (ttm)−0.1026
ROE-122.9%
P/B1.10
P/S15.04
Dividend yieldDiv yield
Beta3.32vs XLF 0.29

No analyst consensus on record.

Next report
Nov 17, 26
in 56 days
EPS estimate
$0.02
Revenue estimate
$2.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$7.72−$3.82−$0.80−$32.89$4.25−$1.30−$0.38Pending
Estimate−$7.05−$4.35−$1.29−$50.50−$26.50−$0.12−$0.02$0.02
Surprise−9.5%+12.1%+38.0%+34.9%+116.0%−983.3%−1,800.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$152.0K$49.0K$43.0K$697.0K$5.2M$3.6M$2.5MPending
Estimate$100.0K$100.0K$75.0K$110.0K$140.0K$3.4M$3.5M$2.7M
Surprise+52.0%−51.0%−42.7%+533.6%+3,634.3%+6.5%−27.8%
Estimate$0.02
ReportedDue Nov 17, 2026
Estimate$2.7M
ReportedDue Nov 17, 2026
View details

Debt to equity0.00%
Current ratio1,331.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$51.0K$152.0K$49.0K$43.0K$697.0K$5.2M$3.6M$2.5M
Net income−$3.7M−$3.9M−$3.8M−$9.8M−$352.8M$325.6M−$99.8M−$30.3M
Net margin0.0%0.0%0.0%0.0%0.0%6,227.1%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.1M−$3.1M−$4.0M−$3.3M−$4.9M−$8.9M−$1.7M−$8.7M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $3.6M · Total debt $0 · Total assets $176.1M · Shareholders' equity $165.6M

Revenue
$2.5M
Operating income
−$8.7M
Net income
−$30.3M
View details

No dividends on record.

Institutions26.08%15.77M shares
45 holders · as of Jun 30, 2026
Insiders35.34%21.37M shares
9 holders · as of Jun 4, 2026
Strategic holders18.55%11.21M shares
2 holders · as of Jul 13, 2026
Other20.03%12.11M shares
remainder

60.46M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Choon Wee Chee1Insiderdirector, 10 percent owner, officer: Executive Chairman
33.32%13.32M · 6.83Mfiled May 13, 2026
Solana Rocket Holdings LimitedStrategic
9.65%5.83Mfiled May 8, 2026
Summer Wisdom Holdings LtdStrategic10 percent owner
8.89%5.38Mfiled Jul 13, 2026
Pantera Capital Partners LPInstitution
8.25%4.99Mas of Jun 30, 2026
Kathmere Capital Management, LLCInstitution
7.60%4.59Mas of Jun 30, 2026
  1. Choon Wee Chee's transaction reports restate only vehicles that traded; the 2026 ownership statement (13.32M) is used instead.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Forward Industries

    SOL treasury, validator, liquid staking and onchain deployment

  • DeFi Development

    SOL treasury with validator operations and onchain deployment

  • Upexi

    SOL treasury accumulation, staking and locked-token purchases

  • SkyAI

    Solana treasury backing a planned agentic-finance platform

Compare

CompanyPriceChange
Solana Company$3.25+4.48%$181.6M15.0+5,774.4%
Forward Industries$8.38+2.57%$602.6M40.911.3+332.1%
DeFi Development$6.09−6.45%$196.1M13.0+66.9%
Upexi$1.23−2.78%$92.5M3.7−4.6%
SkyAI$1.75−2.32%$75.8M30.3
Median40.912.2+66.9%