Solana Company Shares Surge 17% After Launching Staked SOL Borrowing Structure

Solana Company shares jumped nearly 17% on Friday following the announcement of a new institutional borrowing framework that allows firms to unlock liquidity from staked SOL without selling or unstaking their assets.

The Nasdaq-listed firm Solana Company (NASDAQ: HSDT), formerly known as Helius Medical Technologies, revealed a partnership with Anchorage Digital and Solana-based lending protocol Kamino. The structure enables institutions to borrow against natively staked SOL held in segregated custody accounts at Anchorage, allowing them to continue earning staking rewards while accessing on-chain liquidity.

The move is designed to help treasury-focused firms manage capital more efficiently during a prolonged downturn in Solana-linked equities. Instead of unstaking or selling tokens to raise funds, holders can now leverage their staked positions directly.

Following the announcement, Solana Company shares climbed to around $2.30, rebounding from an all-time low near $1.80 earlier in the week. Despite the bounce, the stock remains down roughly 90% since the company pivoted to a Solana treasury strategy in mid-September last year.

According to digital asset treasury data, Solana Company is currently the second-largest publicly traded holder of SOL, with approximately 2.3 million tokens on its balance sheet—worth close to $200 million at current prices. Industry leader Forward Industries reportedly holds roughly three times that amount.

The launch comes amid continued pressure on publicly listed Solana treasury firms. SOL has fallen sharply from around $245 at the time of Solana Company’s rebrand in September to about $70 last week, before recovering toward the mid-$80 range.

As token price volatility continues to strain corporate balance sheets, companies are increasingly turning to staking income and yield-generating strategies—rather than price appreciation alone—to sustain operations and investor confidence.